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  • The offshore energy market is experiencing a significant rise in demand as deepwater operators return to the Gulf of Mexico (GoM) and some of the biggest global exploration and production companies develop so-called "mega"' projects that are turning to the commercial market for cover.
  • Leading insurers in the power market are reconsidering their stance on pricing and terms following a steady rise in large claims, according to Marsh.
  • The "eye-catching" major hull losses of the past two years such as Costa Concordia have diverted attention away from the more worrying rise in attritional losses, warns Mark Edmondson, marine hull class underwriter for Chubb's Lloyd's syndicate.
  • The profitability of US and Bermudian (re)insurers fell over the course of the last decade, according to a study by Fitch.
  • Solid IPOs from UK motor insurer Direct Line and Hannover Re's biggest shareholder Talanx have heartened the host of private equity-owned companies that have had no exit option but a trade sale for years.
  • The third and final Lloyd's capacity auction took place last week to end a season where volumes were down sharply but pricing nudged up on the most popular syndicates with third party capital.
  • Lemma Insurance Company (Ukraine) was downgraded by one notch with a negative outlook by AM Best, following the provisional liquidation of sister company Lemma Europe and a related legal dispute.
  • Most commercial UK insurance buyers expect premiums for property damage and business interruption (PDBI) cover to rise by up to 10 percent over the next two years, according to an Airmic survey.
  • The London market and wider insurance industry need to lobby far more effectively to avoid suffering unnecessarily from the post-financial crisis re-regulation drive.
  • Antares hires Brock for PI; Milli Re downgraded; Argo redeems; Gallagher rolls up; BIBA goodbye; Green light; Brit hires from Atrium; Crop dusting; Cyber perils; Viva le France; Equinox increases firepower; Nephila promotes; AIG All Black; Howden joins Brazil throng; Gallagher continues JLT hires; Argenta promotes; Associations unite; Go west; Allianz hire; D&O duo; BMS hire; Brit complete