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  • A panel of reinsurance buyers at the Trading Risk New York Rendez-Vous said that despite increasing talk of a two-tier market, they were keen to maintain a broad base of counterparties on their placements
  • Aon Benfield Securities CEO Paul Schultz has predicted an acceleration of alternative capital flowing directly to insureds, following the Metropolitan Transportation Authority's shift towards collateralised protection and the launch of the MetroCat bond
  • European reinsurers are positioned to perform in line with expectations despite the tough rating environment, according to AM Best
  • The (re)insurance industry is in danger of missing out on opportunities if it becomes too fixated on battling with alternative capital, Swiss Re CEO Michel Liès has warned
  • The insurance sector needs to meet the challenge of European hailstorms as insured values rise and the frequency and severity of events increases, Munich Re said today (20 October) at the Baden-Baden reinsurance meeting
  • Big three broker Aon is fighting against allegations in the UK Commercial Court that it wrongly removed $242mn of business interruption (BI) cover from a policy for a Lithuanian energy company
  • RSA has sold all of its Italian branches to Italian mutual insurer ITAS Mutua as it continues streamline operations and strengthen its balance sheet, the group said last week
  • Lloyd's casualty reinsurance underwriters have warned that clients that reduce their reinsurance spend today will face higher premiums if they return to the market later
  • Major lead market Ace has stopped writing new cyber liability policies for US retailers following a series of high-profile data breaches, The Insurance Insider understands
  • QBE European Operations is set to announce a raft of hires, promotions and reorganisations as it continues major restructuring under CEO Richard Pryce, The Insurance Insider has learned