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  • London's independent wholesale brokers have reacted with predictable anger to proposals, unveiled in the latest Lloyd's strategic plan, to expand the Corporation's geographical footprint in growth markets.
  • The insurance-linked securities (ILS) market shrank temporarily during the first quarter of 2014 despite a record volume of new issuance for the start of the year, Munich Re Capital Markets said in its Q1 review of the sector.
  • A Texas Windstorm Insurance Association (TWIA) committee recommended during a 21 April meeting that the state insurer of last resort should focus on sourcing aggregate reinsurance protection for its 2014 programme, including a cat bond.
  • Floridian insurer American Coastal Insurance Company has returned to the insurance-linked securities (ILS) market with a renewal of its Armor Re cat bond shortly after pricing settled on two other Florida-focused bonds.
  • Bank of America Merrill Lynch has won the mandate to sell QBE's US mid-market business, The Insurance Insider can reveal.
  • Endurance's most obvious next steps in its hostile bid for Aspen are the commencement of an exchange offer in tandem with a scheme of arrangement, market sources have predicted.
  • AM Best's initial decision to withhold an A- rating from Pine River's proposed "greenfield" reinsurance start-up has tilted the balance of probability towards partnerships between hedge funds looking to enter the space and traditional reinsurers
  • The Atrium war aviation and non-war aviation underwriting teams that resigned at the beginning of the month are heading to Lancashire-owned rival Lloyd's carrier Cathedral, The Insurance Insider revealed earlier today (28 April).
  • The average cost for one year's comprehensive motor cover in the UK fell to £531 ($887) in the first three months of 2014, a decrease of 16.6 percent compared with the same period last year, according to the latest quarterly survey from motor insurer and roadside recovery group AA.
  • Broking heavyweight Aon saw its share price close up 3.4 percent on Friday (25 April) after it posted first quarter earnings per share of $1.28, comfortably ahead of the analyst consensus of $1.18.