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US windstorm rates leap on futures market
Closing prices for 2008 US cat windstorm losses leapt nearly six percent yesterday on the derivatives platform Insurance Futures Exchange Services (IFEX) signalling that traders think there is a greater chance of a major windstorm loss next year.
07 December 2007
Activist investor takes 3 percent stake in Munich Re
Cevian Capital, the activist investment fund backed by Carl Icahn, has taken a 3 percent stake in Munich Re.
07 December 2007
Insurer credit spreads spike on security fears
Credit default swap (CDS) spreads for European insurance companies have again leapt, reflecting renewed sub-prime fears over insurance security.
06 December 2007
If this is 'incubation', market on track for a monster birth
Analysts and commentators are becoming more confident in offering predictions on the estimated level of sub-prime related losses in financial markets and (re)insurance markets alike, with most agreeing that the worst news has yet to emerge.
06 December 2007
Eight new entries confirmed as turnkey arrangements dominate
Barbican Syndicate 1955 became the latest Lloyd's start-up welcomed into the fold in November, the eighth new venture approved this year combining to bring in excess of £650mn fresh capacity to the market for 2008.
06 December 2007
Bermuda's reinsurers await election result
It may still be unlikely, but there is always the potential of the nightmare scenario envisaged more than 20 years ago by industry legends Robert Clements and Robert Newhouse when they set up...
06 December 2007
Commission debate reignited by additional commission levies
In a special three-page report, The Insurance Insider has a comprehensive analysis of the various initiatives being deployed by brokers to raise revenues in the soft market
06 December 2007
Lloyd's to start 2008 with over £15bn capacity
Capacity moderately down as start-ups offset de-emptions
06 December 2007
Marsh drives 'enhanced commissions' in US
In addition to recent brokerage increases by its UK and European operations, Marsh is in discussions with carriers to introduce "enhanced commissions" in its US middle market and small commercial business.
06 December 2007
MGAs grow in popularity
Additional commissions are only one of a number of new initiatives being imposed by brokers as they seek to protect their revenues in the current soft market conditions.
06 December 2007
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