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  • Florida property insurers have avoided a major landfalling hurricane since Wilma in 2005 and can expect a below-average North Atlantic wind season in 2012, according to latest forecasts.
  • With its first cat bond in the market, Florida's state-backed insurer Citizens is now assessing the availability and pricing of capacity to fill its traditional reinsurance programme.
  • As well as fresh demand from Citizens, changes at Florida's cat fund promise to bring incremental demand for limit to a private reinsurance market that already generates around $2.8bn of Florida premium - almost two thirds of which goes to Bermuda.
  • US regulators last week approved the final criteria to identify some non-bank financial companies that could be treated as systemically important financial institutions (SIFIs), potentially placing them under tougher regulatory oversight.
  • Hardy's recommended bidder CNA will be able to discontinue the 25 percent capital support that the former received in 2012 from failed bidders Tower Group and Arig, The Insurance Insider understands.
  • Ryan Specialty Group (RSG)'s deal to buy excess and surplus lines (E&S) MGA WKFC brings it a significant presence in the small and medium-sized enterprise (SME) commercial market it has been looking to build since its 2010 launch.
  • ANV's acquisition of Flagstone Re for $210mn has re-emphasised the high valuations that Lloyd's businesses can command.
  • The expansive insurance group QBE has doubled the size of its UK regional commercial business with the deal to acquire the renewal rights of Brit Insurance's regional business, which was announced last week.
  • US insurance turnaround specialists Fund Management Group (FMG) and Omega founder John Robinson are working to engineer a change in management at the embattled Lloyd's carrier, it is understood.
  • Texas and Oklahama insurance trade body Southwestern Insurance Information Service, (SIIS) has released a preliminary estimate of at least $300mn in insured losses from the tornadoes and hail storms that struck the Dallas, Fort Worth (DFW) area last Tuesday (3 April).