Black list

Bermuda officials head to Europe with de-blacklisting timeline unclear

2019-03-25T21:17:00+00:00

A delegation from Bermuda is in Europe this week to meet EU officials and make the case for why the island should be removed from a tax haven blacklist.

Denis-Kessler-scor

Scor board battles back against activist CIAM

2019-03-25T22:54:00+00:00

Scor has fought back against an attempt by activist shareholder CIAM to have group CEO Denis Kessler removed from his chairman role at the Paris-based reinsurer.

Frank Majors – Nephila

Nephila will return capital if Florida rates disappoint

2019-03-25T12:38:00+00:00

Nephila will hand capital back to its investors if it is unable to secure rates at the expected returns it is targeting at the mid-year Florida renewals, The Insurer can reveal.

Shephard EMC

EMCI should be valued at >$50 a share: activist investor

2019-03-25T23:55:00+00:00

EMC Insurance Group (EMCI) is worth significantly more than $50 a share, according to the activist investor who is trying to get a better deal than the current $30 a share offer from the carrier’s mutual parent.

David Ross

David Ross: Gallagher cliff-vest loan was “morally bankrupt”

2019-03-25T18:00:00+00:00

Ardonagh Group CEO David Ross hit out at his former employer Gallagher in the Royal Court on Monday calling its offer of a £1mn “cliff-vest” loan to its own senior broker Peter Burton as “morally bankrupt”.

Denis-Kessler-scor

Scor board battles back against activist CIAM

2019-03-25T22:54:00+00:00

Scor has fought back against an attempt by activist shareholder CIAM to have group CEO Denis Kessler removed from his chairman role at the Paris-based reinsurer.

Frank Majors – Nephila

Nephila will return capital if Florida rates disappoint

2019-03-25T12:38:00+00:00

Nephila will hand capital back to its investors if it is unable to secure rates at the expected returns it is targeting at the mid-year Florida renewals, The Insurer can reveal.

Shephard EMC

EMCI should be valued at >$50 a share: activist investor

2019-03-25T23:55:00+00:00

EMC Insurance Group (EMCI) is worth significantly more than $50 a share, according to the activist investor who is trying to get a better deal than the current $30 a share offer from the carrier’s mutual parent.

David Ross

David Ross: Gallagher cliff-vest loan was “morally bankrupt”

2019-03-25T18:00:00+00:00

Ardonagh Group CEO David Ross hit out at his former employer Gallagher in the Royal Court on Monday calling its offer of a £1mn “cliff-vest” loan to its own senior broker Peter Burton as “morally bankrupt”.



1.4 Japan renewals analysis

Japanese wind covers price up 20-30% as reinsurers reassess risk

Loss struck wind specific layers of excess-of-loss (XoL) covers bought by the Japanese “Big Three” carriers are seeing significant rate increases of 20-30 percent as reinsurers react to dramatic creep on Typhoon Jebi losses, The Insurer has learned.

BRG Pricing survey

Commercial insurance rates to climb by up to 5% in ’19: BRG

US commercial insurance pricing is expected to increase by up to 5 percent in 2019, according to a survey of carriers by analysts at The Buckingham Research Group (BRG).

Maiden's share price i

The risks that could stop Maiden conquering its troubles

Maiden Holdings’ delayed 10-K reveals the embattled Bermudian company believes it can continue as a going concern but warns further significant declines in shareholders’ equity could cause it to “re-evaluate that assessment”.

1.4 Japan renewals analysis

Japanese wind covers price up 20-30% as reinsurers reassess risk

Loss struck wind specific layers of excess-of-loss (XoL) covers bought by the Japanese “Big Three” carriers are seeing significant rate increases of 20-30 percent as reinsurers react to dramatic creep on Typhoon Jebi losses, The Insurer has learned.

BRG Pricing survey

Commercial insurance rates to climb by up to 5% in ’19: BRG

US commercial insurance pricing is expected to increase by up to 5 percent in 2019, according to a survey of carriers by analysts at The Buckingham Research Group (BRG).

Maiden's share price i

The risks that could stop Maiden conquering its troubles

Maiden Holdings’ delayed 10-K reveals the embattled Bermudian company believes it can continue as a going concern but warns further significant declines in shareholders’ equity could cause it to “re-evaluate that assessment”.



Kevin O’Donnell – RenaissanceRe

Comment: TMR departures no surprise as RenRe looks to accelerate strategy

Although post-M&A redundancies are never easy to stomach, the gutting of the senior ranks at Tokio Millennium Re (TMR) was a widely anticipated outcome from the moment RenRe announced a deal to buy the reinsurer from Tokio Marine for just over book value last October.

Florida Orange

​Comment: Nephila has a key role to play in Florida this year

As the market leader among ILS funds writing US cat risk, a tougher approach from Nephila at the Florida renewal could help support impetus for upwards rate movements, even if “risk-adjusted” rates don’t move as much, reflecting the reassessment of risk by reinsurers.

Ari Chatterjee – Envelop Risk

​Cyber reinsurance market matures with XoL shift

Ari Chatterjee, Bermuda-based head of underwriting at cyber (re)insurance MGA Envelop Risk, partnering with MS Amlin capacity, analyses the nascent cyber reinsurance market after the 1.1 renewals and notes clear signs of market maturing…

Kevin O’Donnell – RenaissanceRe

Comment: TMR departures no surprise as RenRe looks to accelerate strategy

Although post-M&A redundancies are never easy to stomach, the gutting of the senior ranks at Tokio Millennium Re (TMR) was a widely anticipated outcome from the moment RenRe announced a deal to buy the reinsurer from Tokio Marine for just over book value last October.

Florida Orange

​Comment: Nephila has a key role to play in Florida this year

As the market leader among ILS funds writing US cat risk, a tougher approach from Nephila at the Florida renewal could help support impetus for upwards rate movements, even if “risk-adjusted” rates don’t move as much, reflecting the reassessment of risk by reinsurers.

Ari Chatterjee – Envelop Risk

​Cyber reinsurance market matures with XoL shift

Ari Chatterjee, Bermuda-based head of underwriting at cyber (re)insurance MGA Envelop Risk, partnering with MS Amlin capacity, analyses the nascent cyber reinsurance market after the 1.1 renewals and notes clear signs of market maturing…