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2011 start-ups still deep in fundraising
It has been a hard slog fundraising for some of the new insurance-linked securities (ILS) fund managers over the past six months, with only a couple managing to attract new capital by year-end.
19 December 2011
ABI and LMA welcome watchdog probe
Trade bodies the Association of British Insurers (ABI) and the Lloyd's Market Association (LMA) have welcomed UK consumer watchdog the Office of Fair Trading (OFT)'s probe into private motor premiums.
19 December 2011
Cat bonds offer aggregate capacity
Aggregate cat bond deals have done well this December as investors placed large orders for the double-digit premiums on offer.
19 December 2011
US cat trends lead to re-evaluation of risk
While the US escaped the severity of unexpected loss that afflicted New Zealand, Japan and Thailand in 2011, the frequency of events has led some underwriters to reassess risk perception in the world's largest insurance market.
19 December 2011
Eurozone downgrade parade accelerates
Last week a number of European insurers were hit with downgrades, as rating agencies continue to aggressively reconsider their credit assumptions in light of the Eurozone debt crisis.
19 December 2011
Former broking heavyweight Murray quits VIPR
Former heavyweight broker Catherine Murray has parted company with insurance IT solutions provider VIPR, The Insurance Insider has learned.
19 December 2011
Lloyd’s places flexibility and diversity at heart of 3-year plan
Over the next three years Lloyd's will seek to shake the market's reputation of being leaden-footed in the face of change as it continues to encourage the diversity on which its success is based, the Corporation has said.
19 December 2011
(Re)insurers seek to diversify investment strategies
With (re)insurers' balance sheets under attack from all sides, CEOs are taking an active role in driving more diversified investment strategies in search of improved returns.
19 December 2011
PartnerRe Japan creep hints at Zenkyoren total loss
Bermudian reinsurer PartnerRe revealed last week that it would add $88mn to its estimated losses from the Tohoku earthquake in the fourth quarter after deciding to reserve the full limit of its largest Japanese client's cover.
19 December 2011
Lloyd’s CEO defends Kiln’s $700mn Tokio Marine losses
Lloyd's CEO Richard Ward wrote to the CEOs of managing agents last week to reassure the market over Kiln-managed Tokio Marine Syndicate 1880's outsized exposure to Thai flood losses.
19 December 2011
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