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  • 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.
  • 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
  • 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
  • But no anomaly can stay anomalous for long...
  • Total pay almost flat as we run down the top 50 highest paid P&C (re)insurance executives in 2013.
  • 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.
  • 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...
  • 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.
  • 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.
  • 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