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Reinsurance losses from Spanish surety defeat start to emerge
P&C reinsurers have started to disclose losses stemming from a recent Spanish Supreme Court ruling in favour of the cooperativistas who purchased construction surety bonds before their building projects collapsed. We track the disclosures...
06 November 2013
Axis targeting gradual third party build-out
Axis CEO Albert Benchimol said the (re)insurer has done a couple of small third-party deals "which look a lot more like retro than anything else", but that he expects the company's progress in this area to be gradual
06 November 2013
RBS pension fund adds £139mn to ILS funds
The RBS Group Pension Fund added £139mn to its reinsurance-linked assets in the year to 31 March 2013, according to its latest financial results
06 November 2013
IAG poised to add hundreds of millions to NZ quake I loss
The reinsurers of Australian insurer IAG are braced for a significant increase in claims from the 2010 earthquake in Darfield, New Zealand after the cedant warned that its loss pick was set to rise, The Insurance Insider can reveal
06 November 2013
Chinese microchip factory loss could top $1bn
The SK Hynix fire that damaged a Chinese microchip factory in September could overtake the Rio Tinto mining claim to become the largest single-risk loss this year
06 November 2013
Stone Ridge sets $600mn target on new fund
Start-up asset manager Stone Ridge has lifted its initial fundraising target from $500mn to $600mn for a new closed-ended fund
06 November 2013
The elastic middle
The Guy Carpenter US mutual facility demonstrates how medium-sized reinsurers can successfully partner with brokers to compete with their heavyweight rivals and the threat of the alternative markets
06 November 2013
Aspen to launch sidecar Silverton Re
Bermudian Aspen is understood to be putting the final touches to its first sidecar...
06 November 2013
Guy Carp launches cat facility for US mutuals
MMC's reinsurance arm pioneers a new property cat facility for US mutuals in what may also be regarded as an attempt to quell inroads by the increasingly aggressive (and expansive) capital markets
06 November 2013
Lancashire reports Q3 profit slump; stock down
London-listed (re)insurer Lancashire on Wednesday (6 November) said its third quarter profit dropped by two-thirds, falling short of most analysts' forecasts, due to combination of higher claims and weaker investment income.
06 November 2013
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