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Travelers pulls back from US fac
US insurance powerhouse Travelers, a major buyer of facultative reinsurance in the US, is set to withdraw circa $35mn in premium out of the fac markets, sister publication Inside FAC reported.
10 June 2014
Berkley and Zyskind fall
In contrast to the Bermudians, aggregate remuneration for the chief executives in our group of 16 US commercial P&C insurers actually retracted by 1.9 percent to $169mn in 2013
10 June 2014
Bermudian and short-tail specialist CEOs rejoice
Total compensation for the 12 CEOs in our Bermuda/short-tail composite rose by 17.1 percent to $130mn in 2013, as the group enjoyed a year of strong profitability and a low incidence of catastrophe losses
10 June 2014
Nothing broken
But no anomaly can stay anomalous for long...
10 June 2014
Executive remuneration surpasses $500mn in 2013
Total pay almost flat as we run down the top 50 highest paid P&C (re)insurance executives in 2013.
10 June 2014
Golub Capital Re targets Travelers tie-up
Proposed Bermudian start-up reinsurer Golub Capital Re has engaged Travelers as a potential strategic partner as it continues on its path toward a targeted launch this summer, The Insurance Insider can reveal.
10 June 2014
Late Florida repricing as reinsurers resist
A clutch of Florida accounts had to be repriced upwards before signings could be finalised, in a sign that the US property cat market may be close to finding its floor on rates...
10 June 2014
Lloyd’s wins Fitch upgrade to AA-
Credit rating agency Fitch today (10 June) upgraded its assessment of Lloyd's creditworthiness and financial strength, saying the market's close scrutiny of its syndicates' performance is set to deliver stronger underwriting returns.
10 June 2014
Karachi airport attacks unlikely to hit international terrorism insurers
The Taliban attack on Karachi's Jinnah International Airport on Sunday (8 June), which left 36 people dead, is unlikely to cause a loss to the international terrorism market, The Insurance Insider understands.
10 June 2014
Torus brings in new Rotterdam head
Torus has appointed Marsh Netherlands broker Jaap Gispen as branch manager for Rotterdam, as it moved quickly following a number of defections in continental Europe
10 June 2014
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