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International Digest
China leads emerging market growth; Scor draws; OBE for Butt; DaVinci hit; $75mn in the deep; Generali jail; Qatar's captive charm; Cat bonds high; After the quake; JLT's Chile hots
07 July 2011
London Digest
City minister faces down London 100; Beazley fills energy gap; Aon construction broker on way to Alesco; Fac back; £86mn Lexicon; £313mn Chaucer goodbye; Sagicor cancels sale; Exchange: no fees; Axa ban; Bribery off
07 July 2011
Aon Benfield holds contrarian line
Despite the broad consensus of its peers and other market commentators, Aon Benfield has stuck firmly to its line on US property cat pricing at mid-year renewals
07 July 2011
Upward momentum continues at 1.7 US property cat renewals
The trends witnessed at the key 1 June renewals continuing - albeit with placements completed with a great deal more serenity than the rush of a month ago
07 July 2011
Alterra brings $50mn outside capital into New Point sidecar
Reinsurer Alterra and private equity partner Stone Point Capital have signed up six investors to join them in funding their New Point IV sidecar launched earlier this year
07 July 2011
FM Global ups risk retention at renewal
US insurer FM Global has responded to losses from second quarter US storms by retaining more risk in a restructured reinsurance programme at renewal
07 July 2011
Barbados retro start-up Aliseo still on for 1.1
Former Manulife P&C chief Andreas Kusay says he is confident his $300mn retro start-up Aliseo Re will be writing business for January 2012 despite the launch delay
07 July 2011
Centrewrite bids adieu to new Lloyd’s run-off
Centrewrite - the Lloyd's reinsurance vehicle formed to close the syndicates that no one else wants - has put its two legacy syndicates out to tender after effectively deciding to wind up
07 July 2011
Ascot becomes first Lloyd’s insurer to increase capacity after cats
AIG subsidiary Ascot became the first Lloyd's insurer to publicly increase its business appetite following signs of market hardening in the property cat and energy markets
07 July 2011
Swiss Re’s run-off appetite remains strong
Swiss Re has lined up a third significant legacy transaction to follow the two major deals that occurred last month, according to well-placed market sources
07 July 2011
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