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AJ Gallagher throws down M&A gauntlet with $933mn Australian deal
US broker AJ Gallagher is set to embark on a journey of growth in the Australasian region through a flurry of bolt-on acquisitions following its landmark agreement to purchase Wesfarmers' insurance brokerage operations
14 April 2014
ILS premiums soften 5-10% in Q1
ILS rates-on-line (RoLs) took their sharpest drop in the first quarter since the same period of last year, according to a respected RoL index
14 April 2014
What would $6bn+ Endurance-Aspen look like?
Putting aside Aspen's vehement objections, what would a combined entity actually look like
14 April 2014
Florida pricing omen as Citrus Re cat bond falls
The insurance-linked coupon on Heritage P&C's Florida-focused Citrus Re cat bond dropped 17 percent during the marketing process. It doesn't bode well for the forthcoming $4bn+ Florida cat renewals
14 April 2014
Stiff competition weighs on 1 April renewals: Guy Carpenter
Global reinsurance broker Guy Carpenter said last week that the 1 April renewals were marked by price cuts amid stiff competition between well-capitalised carriers and further encroachment from the insurance-linked securities (ILS) market.
14 April 2014
Texas tornadoes to cost insurers $300mn
Three tornadoes that hit the Denton area of north Texas on 3 April have generated an estimated $300mn in insured losses, the Insurance Council of Texas (ICT) said on 9 April.
14 April 2014
Expect yet another quiet hurricane season, say experts
Catastrophe (re)insurers should expect a below-average Atlantic hurricane season, according to recent forecasts
14 April 2014
Cyclone Ita causes floods, power cuts
Cyclone Ita triggered floods and left thousands of homes without power in northern Australia, but there were no deaths or major infrastructural damage
14 April 2014
Aviva offloads Korea JV stake
UK personal lines insurer Aviva has agreed to sell its minority stake in South Korean joint venture Woori Aviva Life Insurance for an undisclosed sum, the company said today (14 April).
14 April 2014
PartnerRe taps into Middle East FI with Chedid Re
PartnerRe has teamed up with Chedid Re, a major reinsurance broker in the Middle East and North Africa (Mena) region, to provide capacity to an MGA that will underwrite a range of financial lines insurance business.
14 April 2014
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