NewsResultsFlat mid-year renewal not out of the question: analystsA flat mid-year renewal is not out of the question despite the industry taking around $140bn in cat losses last year, according to JMP analyst Matt Carletti and his colleague.Thu 17 May 2018
NewsScor restructures large corporate business unit under RousseauScor has restructured its Business Solutions unit, which writes large corporate primary insurance risks and is headed up by Laurent Rousseau, the big four reinsurer announced today.Wed 16 May 2018
NewsProperty catastropheCommercial insurance prices tick up by 1% in Q1After four and a half years of dwindling rates, commercial insurance prices edged up by just under 1 percent in the first three months of the year, marking the second consecutive quarter of growth.Wed 16 May 2018
NewsBrexitPassporting ‘not a small issue’ for insurance industry: FCA’s BaileyThe chief exec of UK regulator the Financial Conduct Authority (FCA) Andrew Bailey has again called on government to ensure passporting rights when the country leaves the European Union.Wed 16 May 2018
NewsLegal/ RegulatoryGDPR fines largely uninsurable: Aon and DLA PiperInsurance for GDPR fines will not be valid in the majority of European jurisdictions, a study by Aon and DLA Piper has found.Wed 16 May 2018
NewsPeople MovesXL unveils a spate of senior departures as it gears up for Axa takeoverXL has announced a wave of departures from its senior management team ahead of its $15.3bn takeover by Axa.Tue 15 May 2018
AnalysisM&APE interest in London brokers blooms again despite challengesJC Flowers’ acquisition of niche London market brokers SSL and Endeavour marks a growing trend of private equity firms purchasing stakes in distributors, with a particular flurry of activity sweeping the London market.Tue 15 May 2018
NewsBrexitAspen applies to Irish regulator to set up Dublin subsidiaryUp-for-sale Bermudian carrier Aspen has put in an application with the Central Bank of Ireland (CBI) to set up a Dublin subsidiary ahead of Brexit.Tue 15 May 2018
NewsPeople MovesAon merges broking units under Andersen and O’Connor leadershipAon Risk Solutions and Aon Benfield are to be integrated to come under a single brand as part of a restructure.Tue 15 May 2018
NewsBarbican’s $100mn ClaRe signs up nine syndicatesClaRe, Barbican’s newly-launched collateralised retro platform for Lloyd’s carriers, inked deals handing the vehicle exposure to nine syndicates at 1.1, re-Insurance.com understands.Tue 15 May 2018
NewsRatesLondon carriers grab chance for Q1 growth but specialty rates struggleLondon’s remaining listed carriers posted solid top line growth in the first quarter as the impact of last autumn’s catastrophes fed through to pricing, but clouds remain over the outlook for the remainder of the year as capacity remains abundant.Tue 15 May 2018
NewsRatesUS rates climb for second quarter in a row: CIAB Average rates for US commercial P&C business ticked up in the first quarter of 2018 as insurers continue to succeed in pressing through rate increases following the heavy cat losses in the second half of 2017.Tue 15 May 2018
NewsResultsLloyd’s marine market faces a seachange following 2017 catsOn the back of an awful year for the marine insurance market that was plagued by major losses, over capacity and competitive pricing, a trend of retrenchment has started to emerge.Tue 15 May 2018
NewsLegal/ RegulatoryFidelis wins Fidelity trademark suitRichard Brindle’s London-based carrier Fidelis has triumphed in a trademark case brought by Fidelity in which the Boston-based investment house claimed consumers would conflate the two businesses over similarities in their names.Tue 15 May 2018
CommentLegal/ RegulatoryTrademark victories for common senseIt’s not often that the little guy gets to win in this world.Tue 15 May 2018
NewsResultsAllianz grows P&C premiums and profits in Q1German insurance giant Allianz saw the top and bottom lines in its property and casualty division climb in the first quarter despite taking a EUR220mn ($262.3mn) hit from European storm Friederike.Tue 15 May 2018