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Aon Benfield weakens Moore exodus by tempting key duo back
Aon Benfield has moderated the impact of senior marine broker Graeme Moore's defection to Willis Re by persuading a couple of his key lieutenants to come back, The Insurance Insider can reveal.
08 September 2013
Alternative capital driving innovation ‘out of necessity’: Willis Re
The $50bn influx of alternative capital expected in 2013 is the current driving force for innovation in the reinsurance markets, because the new money has been forced to innovate to attract business, according to Willis Re.
08 September 2013
Aon sees $100bn alternative capital inflow by 2018
The (re)insurance industry can expect another wave of transformative alternative capital totalling $100bn over the next five years, according to broker Aon Benfield.
08 September 2013
Guy Carp: Mid-year price crunch was tipping point
The continuing influx of alternative capital has had a major impact on market conditions with the tipping point reached at the Florida renewals, Guy Carpenter CEO Alex Moczarski said as the 2013 Monte Carlo Rendez-Vous prepared to open.
07 September 2013
AM Best adds seal of approval to American Family purchase
Rating agency AM Best has said it does not anticipate any significant change in the risk-adjusted capitalization, operating performance or business profile of American Family Insurance (AFI) after it acquires Homesite Group.
07 September 2013
Woods to join Guy Carpenters Mutual team
Guy Carpenter has appointed John "Jay" Woods III co-chairman of its recently formed mutual company specialty practice.
06 September 2013
Lancashire shareholders approve £266mn Cathedral deal
Shareholders of London-listed (re)insurer Lancashire approved its £266mn acquisition of Lloyd's specialty (re)insurer Cathedral at a special general meeting held yesterday (5 September).
06 September 2013
Mapfre Re keeps AM Best A rating
Mapfre Re has avoided the ignominy of ‘the downgrade before Monte' after its "A" financial strength rating and "a" issuer credit rating were affirmed by AM Best.
06 September 2013
Flood Re framework to set coverage targets for UK insurers
Insurers may be set targets for the number of homes covered by flood insurance, under legislation proposed by the UK government today (6 September)
06 September 2013
Solvency II vote delayed to 2014
The European Parliament has delayed the plenary sitting on Solvency II changes from October this year to 3 February 2014
06 September 2013
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