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BMS launches new capital markets division
Independent broker BMS is looking to expand into the insurance-linked securities (ILS) market by broking catastrophe bonds and other capital market products.
27 August 2013
GCC top line to grow 5-10% a year: AM Best
Top-line expansion in the insurance markets of the Gulf Cooperation Council (GCC) will continue at a reduced rate as the region is impacted by depressed world financial markets that have dampened its economic growth.
27 August 2013
Pension funds put competitive pressure on reinsurers
P&C reinsurers are being both "defensive and offensive" as they scramble to build a track record in third-party management in response to the wave of capital markets capacity entering the sector, according to AM Best.
27 August 2013
Australian insurers do better down under
Misfiring overseas and non-insurance subsidiaries took the shine off a robust performance from the core domestic underwriting arms of Australia's top three P&C insurers, the companies' earnings statements revealed last week.
27 August 2013
Arch, Lloyd’s and Tokio climb Top 50
Arch Capital, Lloyd's and Tokio Marine were notable movers up the ranks of AM Best's top 50 reinsurer league table as measured by premium volume.
27 August 2013
Reinsurance outlook stable: AM Best
Despite concerns over pricing pressures and the dwindling pot of redundant reserves available for release, the rating outlook on the global reinsurance segment remains stable, according to AM Best.
27 August 2013
Temporary reprieve for Meadowbrook
Beleaguered US insurer Meadowbrook has been given a temporary reprieve by lenders to its bank credit facility after defaulting on its debt covenants.
27 August 2013
Levinson to run expansive IFG’s wholesale operations
Argo's former excess and surplus lines (E&S) president Lou Levinson is set to re-emerge in the market at International Financial Group (IFG) as president of its wholesale insurance business.
27 August 2013
Shareholders approve ASI sale
Shareholders of American Safety Insurance (ASI) have approved the sale of the Bermuda-based company to the recommended bidder Fairfax Financial Holdings, ending a protracted and at times bitter takeover battle.
27 August 2013
BMS eyes Lloyd’s entry as it hires former Corporation chairman
Pioneer Underwriting, the managing general agent (MGA) owned by London-headquartered independent broker BMS, has appointed former Lloyd's chair Max Taylor as chairman of its board.
27 August 2013
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