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  • A collateralised reinsurance deal for the Texas Windstorm Insurance Association (TWIA) has resulted in the debut bond issuance from service company Kane's private cat bond platform.
  • As we enter the peak North Atlantic windstorm catastrophe season there was a noticeable decline in the probable maximum loss (PML) estimates for major catastrophe events reported by a number of (re)insurers in the second quarter.
  • Chaucer's nuclear Syndicate 1176 has lifted its forecast mid-point result for the 2011 year of account from a predicted 7.5 percent loss to a 7.5 percent profit.
  • The second quarter of 2013 marked an important inflection point for P&C insurers as evidence suggested that pricing gains were set to peak, Bernstein Research analyst Josh Stirling said in a recent note.
  • The crash-landing of an Asiana Airlines plane in San Francisco International Airport (SFO) last month will be the biggest insured aviation loss since 2009, according to broker JLT's monthly Plane Talking report.
  • Specie insurers are likely to cede a portion of the recent $73mn Riviera jewel heist loss to reinsurers, inflicting yet more pain on markets that absorbed heavy losses from Hurricane Sandy.
  • Endurance made two key hires last week as it continues to build the senior management of its professional lines insurance business in the US under new CEO John Charman.
  • American International Group (AIG) is showing strong intent in the directors' and officers' (D&O) liability market by putting up significant Side A limit that it believes will enable a significant reduction in the number of carriers and layers on insurance towers.  
  • The UK solicitors' professional indemnity (PI) market is in for a shake-up as market leader XL announced it would significantly reduce its exposure and second-in-line QBE reacted by extending cover to include the riskier 1-3 partner firms.
  • Third Point Re shares defied jittery US markets to enjoy a solid introduction to the New York Stock Exchange last week after the Bermudian's $276mn initial public offering (IPO) on 15 August.