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US reinsurance market refuses to grow
Reinsurance premium for Bermudian and US carriers has been "as flat as a pancake" over the last five years, according to AM Best.
18 October 2010
Berkley warns that US commercial business is now loss-making
The US commercial lines insurance industry is running at an operating loss, according to the chairman and CEO of WR Berkley Corporation.
18 October 2010
$75mn cat losses hit Everest Re third quarter earnings
Losses from the New Zealand earthquake have caused Everest Re to issue what is in effect a modest profits warning on its third quarter earnings.
18 October 2010
No “tittle-tattle” about Lloyd’s M&A
Significant merger and acquisition (M&A) activity in Lloyd's is rather like the old apocryphal adage about London buses - you wait for ages for one and then suddenly three come along at once.
18 October 2010
Brit extends deadline as Apollo-CVC deal edges closer
UK insurer Brit Insurance has extended its "exclusivity period" with the private equity consortium of Apollo and CVC for a further ten days to 25 October, signalling that the prospect of a buy-out is increasingly likely.
18 October 2010
Hardy-Beazley bid tussle goes public
Small quoted Lloyd's insurer Hardy Underwriting today rejected a £158.4m takeover approach from its larger rival Beazley Group, as both parties went public over the valuation and strategic direction of the firm.
18 October 2010
Beazley bid for Hardy a fillip for Lloyd’s quoted players
Analysts and market commentators were quick to point to the benefits for the Lloyd's quoted sector of today's public outing of Beazley's rejected swoop for Hardy.
18 October 2010
Berkshire Hathaway presto Italian med mal drive
Berkshire Hathaway has made a swift entry into the Italian medical malpractice (med mal) market as rates leap on the back of heavy losses, The Insurance Insider can reveal.
18 October 2010
Benign third quarter refocuses attention on capital management
With the 2010 hurricane season so far proving to be a damp squib, (re)insurers are expected to ramp up capital management strategies as third quarter reporting begins in earnest over the coming weeks.
18 October 2010
NAPSLO 2010: It’s the economy, stupid
The impact of tough economic headwinds on demand for US excess and surplus (E&S) lines emerged as a dominant theme as more than 3,000 delegates from the sector gathered in Atlanta last week for the annual NAPSLO convention.
18 October 2010
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