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  • 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
  • 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
  • Putting aside Aspen's vehement objections, what would a combined entity actually look like
  • 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
  • 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.
  • 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.
  • Catastrophe (re)insurers should expect a below-average Atlantic hurricane season, according to recent forecasts
  • Cyclone Ita triggered floods and left thousands of homes without power in northern Australia, but there were no deaths or major infrastructural damage
  • 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).
  • 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.