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  • Despite a near-negligible burden from catastrophe losses during the first quarter of 2014, Bermudian (re)insurers produced contrasting results. The Insurance Insider's Data Room crunches the numbers...
  • Two Japanese insurers have launched new low-yielding cat bonds, while veteran ILS sponsor USAA is offering prospective investors a higher risk-return aggregate deal
  • RenaissanceRe is seeking a major new hedge for its Florida portfolio through the purchase of an indemnity retrocession cover providing up to $275mn of limit above a $75mn deductible.
  • The $95mn surety loss disclosed by Swiss Re and the $54mn hit reported by Chubb in the first quarter were both triggered by the bankruptcy of Australian engineering and construction group Forge
  • Prices for Gulf of Mexico (GoM) windstorm cover have fallen by an average of 10 percent at the halfway point in the renewal season, offshore energy sources told sister publication Inside FAC.
  • The upstream energy market is bracing itself for a $200mn loss after a blowout at an onshore well belonging to Mexican state-owned energy giant Pemex came to light in the first quarter, sister publication Inside FAC reports
  • Expansive Florida homeowners' insurer Federated National (FedNat) is more than doubling the retention and limit purchased on the private market portion of its 2014/15 cat reinsurance programme, programme which renews on 1 July. The Insurance Insider has all the details...
  • Lloyd's insurer Hardy Underwriting finally confirmed last week the appointment of former QBE executive Craig Bennett as its new head of casualty underwriting after an earlier non-committal stance.
  • The Florida Office of Insurance Regulation has confirmed that United Property & Casualty Insurance Company's deal to buy Sunshine State Insurance Company (SSIC) meets the terms of the consent order it issued earlier this year
  • The mining disaster in Turkey that claimed more than 300 lives last week will not deliver a meaningful loss to the international (re)insurance market, sister title Inside FAC reported today (19 May).