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  • Falling catastrophe rates are a long-term secular trend rather than a short-term cycle phenomenon, said Nephila Capital co-founder Frank Majors during a panel discussion at the ILS Bermuda Convergence 2013 conference last week.
  • The National Association of Insurance Commissioners (NAIC) has adopted legislation outlining the Own Risk and Solvency Assessment (ORSA) for US insurers, a key element in modernising regulation in the US.
  • The dominant post-Katrina strategy of diversification has to be jettisoned if reinsurers want to leave behind the discounted trading multiples that have been dogging the industry for years, PricewaterhouseCoopers has said.
  • Pressures from the forthcoming Solvency II regime are putting an increased focus on discontinued lines, according to respondents to a PricewaterhouseCoopers' (PwC) survey on discontinued insurance business in Europe.
  • The ILS market has reached an inflection point in its growth but is still on track to keep expanding, Nephila Capital co-founder Frank Majors said in a panel discussion at the ILS Bermuda Convergence 2013 conference today.
  • Regulators from the G20 countries will this month unveil a list of insurers deemed "too big to fail", which will face tighter regulation and capital surcharges to limit the economic fallout if they go bust.
  • Independent London-headquartered broker RFIB has appointed former Benfield finance executive Nick Moss as finance director.
  • The winding up of insolvent UK insurer Highlands Insurance Company (HUK)'s liabilities moved within sight last month after cedant creditors agreed to a scheme of arrangement's terms.
  • The process for agreeing all claims for the United Standard Insurance Company Ltd (USI)'s scheme of arrangement has been completed, according to scheme administrators PricewaterhouseCoopers (PwC)
  • Luckily, last Friday a few of us London Insiders were catching up on some overdue work after a week disrupted by one of the biggest full-day conferences we organise, the Xchanging London Market Conference