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  • TigerRisk Partners CEO Rod Fox warned the reinsurance industry that "hope is not a strategy" as he forecast that property catastrophe rates would be down 15 percent at the January renewals
  • Third-party capital has become an aggressive competitor against traditional property catastrophe reinsurers, and could drive consolidation among weaker players, said Willis Capital Markets & Advisory (WCMA) chief executive Tony Ursano
  • Australian insurer QBE has announced that it will reorganise its European division into separate wholesale and retail entities next month, confirming a story published by The Insurance Insider in June.
  • The London (re)insurance market is in danger of losing its innovative edge if it fails to match the breakneck pace of modernisation in the industry worldwide, Willis chief executive Dominic Casserley said this morning (4 September).
  • German legacy acquisition firm Darag has bought the run-off portfolio of the UK branches of HDI-Gerling Industrie Versicherung and Wuerttembergische Versicherung, The Insurance Insider can reveal
  • Guy Carpenter has bought a stake in a new Greek brokerage led by Alex Turner, a former senior member of rival Aon Benfield's Greek operation
  • (Re)insurer XL has assembled a new crisis management team to offer a variety of insurance products to corporate clients in the US
  • Greater use of broker-led placement facilities may lead to a weakening of risk management practices and could have potentially "disastrous" consequences for underwriters, AM Best has warned today (4 September)
  • French reinsurer Scor has set itself new profitability targets as part of a new three-year strategic plan to be unveiled at a presentation to investors later today (4 September).
  • Aon Benfield co-CEO Dominic Christian says traditional reinsurers should strongly consider following the ILS sector in providing more multi-year cover.