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Energy

BMS continues build out of new energy team

Independent BMS Group is continuing to build out its new energy division following re-Insurance.com revealed the firm’s ambitions with the hire of former Price Forbes executive James Chicken earlier this year.

Tue 24 Apr 2018

AmTrust reveals privatisation-linked FTC fee and Zyskind salary cut

News

Results

AmTrust reveals privatisation-linked FTC fee and Zyskind salary cut

Last year was certainly an eventful one for soon-to-be-private-again US carrier AmTrust.

Tue 24 Apr 2018

London market pledges £1mn for Bishopsgate bombing commemoration

News

War and terrorism

London market pledges £1mn for Bishopsgate bombing commemoration

Insurers and brokers from across the London Market have committed to raising £1mn ($1.4mn) to commemorate the 25th anniversary of the IRA Bishopsgate bombing.

Tue 24 Apr 2018

News

Results

UPDATE: Travelers shares shed 4% after cat-scarred Q1 results

Travelers shares have dropped nearly 4 percent at the open in New York after the firm posted a worse-than-expected set of Q1 results this morning.

Tue 24 Apr 2018

News

Brexit

FCA’s Bailey urges EU to reduce Brexit financial instability risk

Authorities in the UK and the European Union must “come together” to reduce the risks posed by Brexit to financial stability, Andrew Bailey, CEO of the Financial Conduct Authority (FCA) has warned.

Tue 24 Apr 2018

News

Aviation war MGA Hive Aero goes live

Hive Aero - a recently-formed aviation hull and war MGA - has launched with a stamp capacity of $50mn per aircraft risk.

Tue 24 Apr 2018

Share buybacks bolster reinsurer RoE but expenses expose weaknesses

News

Results

Share buybacks bolster reinsurer RoE but expenses expose weaknesses

Reinsurers remained an attractive prospect for investors in 2017 despite falling to an overall underwriting loss for the year amid a series of catastrophes. But look beyond the headline picture and there is cause for concern for shareholders as the industry leans ever more heavily on share buybacks to prop up prices while expenses pressure return on equity (RoE) results.

Tue 24 Apr 2018

MIB moves forward with terrorism liability cover – but what are the alternatives?

News

War and terrorism

MIB moves forward with terrorism liability cover – but what are the alternatives?

As the UK’s Motor Insurers’ Bureau (MIB) takes steps to widen coverage to include vehicles used in UK terrorist attacks, re-Insurance.com explores the different options the (re)insurance market could offer.

Tue 24 Apr 2018

News

Legacy

More Lloyd’s legacy entrants expected as RITC market kicks into overdrive

A surge in the number of run-off opportunities globally has driven an influx of capital into the legacy market - and now those investors have set their sights on Lloyd’s.

Tue 24 Apr 2018

Analysis

M&A

Looking at the wrong A?

With Aspen first round bids due at the end of this week, Re-Insurance.com looks at its larger Bermudian peer Axis which has a more credible track record, trades on a lower multiple and owns a better insurance franchise.

Tue 24 Apr 2018

Comment

Lloyd’s and Innovation Alchemy

Innovation is a tricky business. Despite what the buzzword bandits would have you believe, it is extraordinarily difficult to impose innovation - and the attitudes associated with it - on a given environment.

Tue 24 Apr 2018

Brown & Brown opens Q1 broker reporting season with 6% organic growth

News

Results

Brown & Brown opens Q1 broker reporting season with 6% organic growth

Early reporting US broker and market bellwether Brown & Brown’s organic revenue climbed 5.7 percent in a first quarter in which a change in reporting standards and tax laws gave a boost to the company’s bottom line.

Tue 24 Apr 2018

Munich Re anticipates EUR800mn profit for Q1 as major losses abate

News

Results

Munich Re anticipates EUR800mn profit for Q1 as major losses abate

Munich Re has said it expects to post profits of around EUR800mn in the first quarter as the company’s performance benefitted from a low level of heavy loss activity.

Tue 24 Apr 2018

News

Lloyd’s lays ground for innovation lab amid push to digitise market

Lloyd’s has appointed consultants L Marks and BCG to back the foundation of an innovation lab at 1 Lime Street in the second half of this year as the Corporation looks to up the ante in its drive to modernise the market’s technology base.

Mon 23 Apr 2018

Magdalena Ramada

Senior Economist, Research & Intellectual Capital, Willis Towers Watson

Mon 23 Apr 2018

Reinsurers run 105 percent combined ratio for 2017

Analysis

Losses

Reinsurers run 105 percent combined ratio for 2017

The reinsurance sector posted a hefty 104.8 percent combined ratio last year as the market was stung by $144bn of losses from natural catastrophes, broker Willis Re has said.

Mon 23 Apr 2018