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Classic market cycle is broken, says Kiln CEO
The traditional loss-driven market cycle is not functioning at the moment, with more than $100bn of cat losses failing to trigger a broad rating turn, said Kiln CEO Charles Franks.
13 February 2012
Jain hints at property cat appetite with Far East tour
Berkshire Hathaway's (re)insurance chief Ajit Jain has prompted talk that the Warren Buffett-controlled behemoth might be about to re-escalate its involvement in the property cat market by embarking on a three-week tour of the Far East.
13 February 2012
Catlin: other (re)insurers clamouring for SPS tie-ups
Catlin Group has been approached by a number of companies eager to follow suit since it announced its special purpose syndicates (SPSs) with China Re and Everest Re, says CEO Stephen Catlin.
13 February 2012
Cash piles point at “great year” for insurance M&A
Sir Laurie Magnus, senior advisor at prolific insurance M&A adviser Evercore, has forecast a "great year" for M&A in the insurance industry.
13 February 2012
White re-elected to Lloyd’s Council
Graham White has been re-elected to the Lloyd's Council, where he will be joined by Amlin underwriting director Simon Beale and Cathedral managing director Lawrence Holder
13 February 2012
Digest
Aon's Q4 global insurance pricing flat; Charman says ‘no' to Axis syndicate; New York insurance regulator joins law firm; Hartford shares surge on break-up push
13 February 2012
Why not?
With more entrepreneurialism (tempered, of course, by common sense) and less timidity, we might discover that there is a lot less that is uninsurable than we currently imagine...
13 February 2012
Hannover Re doubles Thai loss to EUR196mn
Hannover Re has almost doubled its Thai loss to EUR196mn from the preliminary EUR100mn estimate it gave during a Q3 earnings call, as it unveiled full-year profit guidance that exceeded targets
13 February 2012
PE firms swarm over Groupama UK
Up to 30 different private equity (PE) and non-trade investors have received the investor memoranda relating to the up-for-sale insurer Groupama UK, The Insurance Insider can reveal
13 February 2012
Plumeri’s Willis reign to end in 2013
After 13 influential years as chairman and CEO of Willis Group, Joe Plumeri will bring the curtain down on his time at the head of the big three broker next July as he celebrates his 70th birthday, The Insurance Insider can reveal.
13 February 2012
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