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Markel leads way for 2014 sidecars with $215mn New Point VI
Markel Corp has secured $215mn of capital to deploy during the 1 January 2014 renewals via its retro-focused New Point sidecar, sister publication Trading Risk reported last week.
30 September 2013
Swiss Re looks to bolster contingent protection
Swiss Re is marketing its second subordinated contingent write-off security for 2013, following on from a similar issuance back in March.
30 September 2013
IUA members write £18bn in 2012 as London market approaches £50bn GWP
The London company market wrote almost £18bn in gross premium last year, while a further £6.2bn was under the control and management of London operations, according to a report published by the International Underwriting Association (IUA) last week.
30 September 2013
AmTrust spotlight now turns to Luxembourg captives
Is AmTrust Financial's use of Luxembourg captives to absorb insurance losses clever financial engineering or a breach of US GAAP accounting and the principality's financial regulations?
30 September 2013
Bond slump dents Lloyd’s H1 2013 profit
Lloyd's of London last week (26 September) reported a 10 percent dip in its interim profits as the 325-year-old insurance market succumbed to a sharp drop in the value of its bond investments, mirroring the half-year results of the wider (re)insurance industry.
30 September 2013
Lloyd’s thaw continues with flurry of new 2014 entrants
Lloyd's is set to see its busiest day of start-up activity in five years after it granted in-principle approval for three new syndicates to begin underwriting from 1 January.
30 September 2013
Wholesalers need expertise to be valued partner: Ryan
Broking legend Pat Ryan has said the role of wholesale brokers is "changing dramatically" as clients and retailers expect more expertise and partnership rather than merely being given access to markets.
30 September 2013
E&S reserve cushions ‘diminishing’
P&C insurers are unlikely to be able to sustain the level of reserve releases seen in recent periods for much longer, which may have a positive impact on pricing in the excess and surplus (E&S) lines market, according to AM Best.
30 September 2013
London wholesaler duo herald 2012
London-headquartered brokers Cooper Gay and Price Forbes both proclaimed 2012 as good years, even though a superficial glance at the trading numbers might give two different impressions.
30 September 2013
Lloyd’s still #1 in E&S (but here comes Warren Buffett)…
The Lloyd's insurance market remains the largest player in the US excess and surplus lines (E&S) sector but is set to face increased competition in the near future.
30 September 2013
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