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  • If AmTrust founder Michael Karfunkel is to honour his current $172mn agreed offer for ailing Nasdaq-listed insurer Tower Group, it will now represent a takeout multiple of at least 1.8x book value following yet more reserving shortfalls. That seems unlikely...
  • Despite the negligible catastrophe impact during the first quarter, underwriting performance at our quartet of short-tail carriers actually worsened year-on-year as a result of diminishing reserve releases and higher accident year losses.
  • Expansive US cat specialist ICAT is targeting entry to the circa $1bn California earthquake homeowners' market
  • Nephila, Munich Re, Hannover Re, Scor and AIG added to giant US wind MGA's carrier partners
  • New research by The Insurance Insider's Data Room confirms that the pace of premium growth slowed significantly for short-tail carriers during the first quarter of 2014, as mounting competition in the reinsurance marketplace and softening rates strained the top line
  • Evidence would suggest that the collective memory of most of our investor base is around five years. That is not helpful to an industry that too often forgets the lessons of the past...
  • Rate softening may again become a feature of the US commercial P&C market later this year after a number of recent surveys - including the comprehensive CIAB one - highlight a growing slowdown in momentum, and especially for larger accounts...
  • The soft market terms that have enveloped the professional lines reinsurance market are rapidly encroaching into other areas of casualty treaty as buyers push hard for significant increases in ceding commission on quota share placements.
  • UK insurer RSA has appointed Goldman Sachs to sell a number of its Asian businesses as it continues to dispose of assets to improve its capital position, The Insurance Insider can reveal...
  • The $4bn+ Florida market is crucial for most cat reinsurers. But in advance of the 1 June renewals, a comprehensive survey by The Insurance Insider estimates average rates will be down 15-25 percent on a risk adjusted basis...