Starstone-Bermuda

StarStone ends QS with ILS fund Securis

2018-12-07T17:40:00+00:00

StarStone has ended its partnership with major ILS provider Securis, The Insurer can reveal.

Richard-Whitt-Catco

Markel didn’t invest in CatCo’s $2.3bn+ “reload”

2018-12-07T17:31:00+00:00

Markel Corp didn’t invest in CatCo’s mammoth $2.3bn+ fund raising that occurred in late 2017 after Hurricanes Harvey, Irma and Maria caused more than a $100bn+ of industry losses while tying up billions of dollars of capital among ILS funds.

CATco listed fund collapses in value over past 18 months i

Markel CatCo shares fall to all-time low following regulatory investigation revelation

2018-12-07T10:44:00+00:00

Shares in the listed fund of retro investment specialist Markel CatCo fell 25 percent in London trading today (06 December) as the firm revealed US and Bermuda authorities are looking into loss reserves recorded in late 2017 and early 2018 at CatCo and its subsidiaries.

PartnerRe

Sanford leads trio of PartnerRe exits

2018-12-07T16:00:00+00:00

PartnerRe is set to see the departure of a trio of senior underwriting executives led by Head of North America P&C Richard (Dick) Sanford, The Insurer can reveal.

CNA Financial Corp share price down 15 percent in 2018 i

CNA gets improved deal on PL quota share

2018-12-07T12:11:00+00:00

US insurer CNA has been rewarded by reinsurers for the performance to date of its professional liability quota share with an extra half a point of ceding commission, The Insurer can reveal.

Richard-Whitt-Catco

Markel didn’t invest in CatCo’s $2.3bn+ “reload”

2018-12-07T17:31:00+00:00

Markel Corp didn’t invest in CatCo’s mammoth $2.3bn+ fund raising that occurred in late 2017 after Hurricanes Harvey, Irma and Maria caused more than a $100bn+ of industry losses while tying up billions of dollars of capital among ILS funds.

CATco listed fund collapses in value over past 18 months i

Markel CatCo shares fall to all-time low following regulatory investigation revelation

2018-12-07T10:44:00+00:00

Shares in the listed fund of retro investment specialist Markel CatCo fell 25 percent in London trading today (06 December) as the firm revealed US and Bermuda authorities are looking into loss reserves recorded in late 2017 and early 2018 at CatCo and its subsidiaries.

PartnerRe

Sanford leads trio of PartnerRe exits

2018-12-07T16:00:00+00:00

PartnerRe is set to see the departure of a trio of senior underwriting executives led by Head of North America P&C Richard (Dick) Sanford, The Insurer can reveal.

CNA Financial Corp share price down 15 percent in 2018 i

CNA gets improved deal on PL quota share

2018-12-07T12:11:00+00:00

US insurer CNA has been rewarded by reinsurers for the performance to date of its professional liability quota share with an extra half a point of ceding commission, The Insurer can reveal.



Largest-Mercury-General-reinsurers-($mn)-i

Cali wildfire disclosures, data now pointing to circa $15bn loss

2018 now appears odds on to have exceeded last year in terms of insured losses from the California wildfires following a series of disclosures and loss estimates late last week.

Ardonagh-debt

Ardonagh debt weighs heavily as UK broker sells assets

*Debt yielding circa 11 percent ** New $235mn bond takes issuance beyond £1bn *** Acquires Nevada 3 assets at near 30 percent premium to cost

Largest-ILS-fund-managers-i

The ILS juggernaut faces a bump in the road

It looks increasingly likely that the vast ILS market - estimated to have grown to a new record size of $98bn - will now plateau or even shrink slightly at year-end.

Largest-Mercury-General-reinsurers-($mn)-i

Cali wildfire disclosures, data now pointing to circa $15bn loss

2018 now appears odds on to have exceeded last year in terms of insured losses from the California wildfires following a series of disclosures and loss estimates late last week.

Ardonagh-debt

Ardonagh debt weighs heavily as UK broker sells assets

*Debt yielding circa 11 percent ** New $235mn bond takes issuance beyond £1bn *** Acquires Nevada 3 assets at near 30 percent premium to cost

Largest-ILS-fund-managers-i

The ILS juggernaut faces a bump in the road

It looks increasingly likely that the vast ILS market - estimated to have grown to a new record size of $98bn - will now plateau or even shrink slightly at year-end.



Hong Kong city skyline

The CatCo crunch…

*1.1 Retro quotes being re-priced ** Ajit’s phone “already ringing” *** Late renewal just got a lot tougher

Brexit-megaphone

Brexit – continuing to be heard

London market lobbying group LMG says there is much work to be done ahead of “Brexit” regardless of what occurs in Westminster next week

The-Insurer

Welcome to The Insurer…

The (re)insurance industry was the first information age business. After all, Lloyd’s itself was established more than three-hundred years ago in a London coffee house where news and information could be shared among underwriters.

Hong Kong city skyline

The CatCo crunch…

*1.1 Retro quotes being re-priced ** Ajit’s phone “already ringing” *** Late renewal just got a lot tougher

Brexit-megaphone

Brexit – continuing to be heard

London market lobbying group LMG says there is much work to be done ahead of “Brexit” regardless of what occurs in Westminster next week

The-Insurer

Welcome to The Insurer…

The (re)insurance industry was the first information age business. After all, Lloyd’s itself was established more than three-hundred years ago in a London coffee house where news and information could be shared among underwriters.