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THB hires reinsurance president in Brazil

2020-02-21T21:21:00+00:00

THB has hired Paulo Esteves Viveiro as reinsurance president in its expansive Brazilian operation, The Insurer has learned.

James River Insurance

James River says open to ADC for Uber run-off book, while shares rise over 6%

2020-02-21T19:00:00+00:00

Investors have sent James River’s share price up over 6 percent, following strong Q4 E&S premium growth and management’s comments that it is open to buying an adverse development cover (ADC) for its cancelled Uber book.

IRB Brasil RE

IRB Brasil Re sees 34% increase in international premium in 2019

2020-02-21T12:02:00+00:00

IRB Brasil Re saw international premium income rise by an impressive 34 percent during 2019 as the former state-controlled reinsurer released an impressive set of fourth quarter results, with overall written premium in Brazil up by 14.4 percent year on year.

Allianz Q4 results

Allianz Q4 P&C profits dive 42%; CR deteriorates to 99.6%

2020-02-21T07:59:00+00:00

German insurer Allianz has posted a fourth quarter operating profit of Eur861mn in its P&C division, a 42 percent drop on the prior year period, with reserve strengthening at AGCS driving the deterioration.

Nexus

Nexus launches US financial lines division with PSIC capacity

2020-02-21T22:16:00+00:00

London market managing general agency Nexus Group has launched a new financial lines division under its recently rebranded US entity, with capacity for the new line provided by Professional Solutions Insurance Company (PSIC).

James River Insurance

James River says open to ADC for Uber run-off book, while shares rise over 6%

2020-02-21T19:00:00+00:00

Investors have sent James River’s share price up over 6 percent, following strong Q4 E&S premium growth and management’s comments that it is open to buying an adverse development cover (ADC) for its cancelled Uber book.

IRB Brasil RE

IRB Brasil Re sees 34% increase in international premium in 2019

2020-02-21T12:02:00+00:00

IRB Brasil Re saw international premium income rise by an impressive 34 percent during 2019 as the former state-controlled reinsurer released an impressive set of fourth quarter results, with overall written premium in Brazil up by 14.4 percent year on year.

Allianz Q4 results

Allianz Q4 P&C profits dive 42%; CR deteriorates to 99.6%

2020-02-21T07:59:00+00:00

German insurer Allianz has posted a fourth quarter operating profit of Eur861mn in its P&C division, a 42 percent drop on the prior year period, with reserve strengthening at AGCS driving the deterioration.

Nexus

Nexus launches US financial lines division with PSIC capacity

2020-02-21T22:16:00+00:00

London market managing general agency Nexus Group has launched a new financial lines division under its recently rebranded US entity, with capacity for the new line provided by Professional Solutions Insurance Company (PSIC).



Watford Re

Speculate to accumulate?

Enstar’s stake in Watford Holdings looks like a value play rather than anything that would signal the total return reinsurer joining other offshore M&A candidates.

GC property cat ROL index – 1990 to 2020

Guy Carpenter remains an upbeat outlier on 1.1 rates as Swiss Re adds to caution

Guy Carpenter remains an outlier on its 1.1 renewals stance as Swiss Re became the latest firm to strike a more cautious note when it published its FY 2019 results today.

1.4 Japan renewal preview

Payback expectation to test relationship-driven Japanese renewal

All parties in the Japanese wind renewal are working to address a significant mismatch between the 50-80 percent rate increases reinsurers have been initially seeking from cedants that are unlikely to countenance paying 50+ percent more for cover at 1 April.

Watford Re

Speculate to accumulate?

Enstar’s stake in Watford Holdings looks like a value play rather than anything that would signal the total return reinsurer joining other offshore M&A candidates.

GC property cat ROL index – 1990 to 2020

Guy Carpenter remains an upbeat outlier on 1.1 rates as Swiss Re adds to caution

Guy Carpenter remains an outlier on its 1.1 renewals stance as Swiss Re became the latest firm to strike a more cautious note when it published its FY 2019 results today.

1.4 Japan renewal preview

Payback expectation to test relationship-driven Japanese renewal

All parties in the Japanese wind renewal are working to address a significant mismatch between the 50-80 percent rate increases reinsurers have been initially seeking from cedants that are unlikely to countenance paying 50+ percent more for cover at 1 April.



Florida and japan renewals

Japan and Florida: A tail of two markets (reprise)

Last year when the The Insurer covered the mid-year wind renewals we commented that the influence of adverse development on “short-tail” wind risk was proving to be a common theme in Japanese and Florida. Eleven months later and on the face of it not much has changed at all.

FAC – Lloyd's

The FCA on the London market: a curious critique

Another year, another report from the UK regulator the Financial Conduct Authority (FCA) on the state of the country’s financial services sector, examining the ways in which the financial environment is changing and the impact of these changes on market effectiveness.

AIG – New York

AIG points to mounting D&O and R&W pressures…

If public D&O was the canary in the coalmine for financial lines underwriters, then evidence in recent days suggests that loss trends are now accelerating in other classes within the segment.

Florida and japan renewals

Japan and Florida: A tail of two markets (reprise)

Last year when the The Insurer covered the mid-year wind renewals we commented that the influence of adverse development on “short-tail” wind risk was proving to be a common theme in Japanese and Florida. Eleven months later and on the face of it not much has changed at all.

FAC – Lloyd's

The FCA on the London market: a curious critique

Another year, another report from the UK regulator the Financial Conduct Authority (FCA) on the state of the country’s financial services sector, examining the ways in which the financial environment is changing and the impact of these changes on market effectiveness.

AIG – New York

AIG points to mounting D&O and R&W pressures…

If public D&O was the canary in the coalmine for financial lines underwriters, then evidence in recent days suggests that loss trends are now accelerating in other classes within the segment.