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Flowers buys Belgian broker Fidea for EUR244mn
JC Flowers has acquired the Belgian insurance broker Fidea for EUR243.6mn, it was revealed today.
17 October 2011
Neal Bill back to threaten Bermuda
A law aimed at ending a "tax loophole" that allows US (re)insurers to transfer premium income to offshore affiliates to avoid paying tax on profits was reintroduced into the US congress last week.
17 October 2011
Lloyd’s heavyweights get solvency II green light; minnows struggle
QBE is the fourth Lloyd's managing agent holding a "green light" under the traffic light system the Society is using to measure Solvency II readiness.
17 October 2011
FSOC unveils systemically risky criteria for US firms
(Re)insurance groups with more than $50bn in total assets could be subject to heightened supervision under plans unveiled last week by the US Financial Stability Oversight Council (FSOC).
17 October 2011
Federal Insurance office is stepping stone, says Levene
The newly created US Federal Insurance office is a step towards the creation of a national insurance regulator.
17 October 2011
Cat bond pricing recovers
Cat bond prices have recovered from a mid-August slump that occurred around the time of Hurricane Irene, although they still remain below the levels seen before the March Tohoku earthquake.
17 October 2011
Tornado losses strike second bond
Investors in the second Mariah Re tornado cat bond issuance stand to lose some or even all of their $100mn capital, while losses creep up into the first higher-lying issuance.
17 October 2011
Axa’s Calypso expands to EUR180mn
French insurance giant Axa has had a repeat success in the cat bond market with its second Calypso Capital transaction, kicking off what many brokers predict will be a bumper fourth quarter (see article on following page).
17 October 2011
Are lower losses breeding complacency among airline insurers?
Insurers seem broadly content to accept prices that are flat-to-slightly up for airline programme premiums, even though their exposures and limits are substantially higher, according to two major brokers in the sector.
17 October 2011
Cat bond market regains momentum
The ILS market is regaining its impetus after a mid-year slowdown, with forecasts of a $2bn-$2.5bn bumper fourth quarter.
17 October 2011
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