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Costa loss submerged in soft marine market
A hard market is a "mirage" for the marine industry as excess capacity from the Asian market puts pressure on rates, Willis said in its annual Marine Market Review.
23 April 2012
Energy pricing stable, but softening possible later in the year
Willis has identified a prevailing but fragile stability in energy markets, with modest rating increases for upstream risks and the downstream market effectively remaining flat.
23 April 2012
New Swiss Re structure brings precision
Citi analyst Tom Dorner says Swiss Re's new corporate structure will allow it to focus more on transferring capital between divisions to maximise returns.
23 April 2012
Excess casualty carriers ‘walking away’ from underpriced business
Excess casualty underwriters are driving hardening in the sector by refusing business if they can't secure sufficient price increases.
23 April 2012
Bolt: Energy market still to rise to Deepwater challenge
Underwriters are yet to fully respond to the challenge that the Deepwater Horizon has posed, Lloyd's performance management director (PMD) Tom Bolt said in an interview for Willis' Energy Market Review.
23 April 2012
Insurers facing TRIA non-extension risk on multi-year contracts
Industry leaders are calling for strong lobbying to ensure the US federal backstop for terrorism risk is extended beyond its 2014 expiry so that underwriters can continue deploying capacity to insure multi-year projects.
23 April 2012
Buyers face up to changing US P&C market
With Travelers and Chubb the latest carriers to add to the mounting evidence of firming US commercial insurance rates, buyers and their brokers appear united in their recognition of a market in transition.
23 April 2012
Brokers tell insurers to stand up and deliver on CBI
Brokers are rallying carriers to continue providing contingent business interruption (CBI) cover as part of property programmes for US insurance buyers.
23 April 2012
Scaled-back Platinum sets tone for strong Q1
Early reporting Platinum Underwriters set the tone for what is expected to be a strong quarter for (re)insurers when it published its results last week.
23 April 2012
Chartis looks to reclaim Brazil market position
US insurance giant Chartis is targeting compound average growth of more than 30 percent in Brazil over the next five years as it looks to rebuild its position in the burgeoning market amid limited domestic opportunities.
23 April 2012
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