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  • Even the longest cheating phases eventually break
  • The retrocession market has sourced $1bn of new capacity in the past year, with most of the growth coming from traditional reinsurance carriers, Aon Benfield Global Re Specialty chairman Piers Cantlay said at a Guernsey ILS Insight event hosted in Zurich last week.
  • Lloyd's (re)insurer Amlin is set to lift its stake in insurance-linked securities fund manager Leadenhall Capital Partners from 40 percent to 75 percent, six years after it helped launch the firm.
  • The Insurance Insider's ownership survey highlights the continuing dominance of a few leading fund managers... and Berkshire Hathaway
  • Berkshire Hathaway has given credence to insurers' fears that it will begin writing energy business direct by taking a 40 percent share of top-10 energy account PDvsa on a three-year basis
  • Cedants and brokers gave catastrophe reinsurers another shellacking at 1 July, with premiums sharply down and smaller reinsurers left out in the cold as market stratification intensified.
  • The stellar gains of 2013 are a distant memory as The Insurance Insider index remained broadly flat in H1
  • Endurance has lured Mark Maritzen from Tokio Marine Global (TMG) to head up and launch a new US commercial property insurance unit
  • MMC's reinsurance arm Guy Carpenter has become the latest authoritative voice to confirm widespread softening in the reinsurance markets at the mid-year renewals, as it noted "price decreases across virtually all geographies and lines of business, many in the double-digit range"
  • Independent (re)insurance broker Cooper Gay Swett & Crawford (CGSC) has appointed Newman Martin and Buchan (NMB) reinsurance head Martin Stephenson as CEO of its combined reinsurance business