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  • Despite moderating pricing trends, US commercial P&C carriers have so far trumped Wall Street forecasts for the third quarter, as modest cats and solid underwriting results helped lift the bottom line.
  • The bloodbath that has spread from property cat excess-of-loss to other classes of reinsurance is now spilling over into the primary US P&C sector, threatening to bring a soft market in 2015.
  • Downbeat property catastrophe reinsurers can look to the Florida market for some degree of comfort in 2015 following the latest round of Citizens take-outs, which could result in fresh demand for protection.
  • Amlin has completed its previously announced agreement to increase its stake in insurance-linked securities (ILS) fund manager Leadenhall Capital Partners from 40 percent to 75 percent.
  • Some $3.8bn of cat bonds will come off-risk in the next two quarters in an unprecedented volume of maturities within the market, Munich Re noted in its latest quarterly insurance-linked securities (ILS) report.
  • P&C heavyweight AIG has signed up to provide backing for an MGA writing Shariah-compliant commercial insurance business, the carrier announced on 23 October.
  • The recent influx of hedge funds and alternative capital is set to change the way the (re)insurance industry operates and Ace intends to lead the charge, according to its CEO Evan Greenberg.
  • ANV Holdings has hired underwriter Julian Barker to work for its Syndicate 1861 political risk and violence team, the Netherlands-headquartered specialty insurer announced.
  • Senior energy underwriter James Leeper has left his position at Aspen to join Skuld, where he will take on the role of interim head of offshore energy, The Insurance Insider understands
  • Mark Church has been promoted to head of global general aviation for the Aon Aviation Global Specialty team, The Insurance Insider has learned.