Lockton and Guy Carpenter

Spore to stick with MMC in Guy Carpenter role after Lockton Re approach

2020-01-24T17:00:00+00:00

Marsh executive Greg Spore has been turned around after resigning to join Lockton Global Re earlier this month and will now stay at MMC as head of Guy Carpenter’s financial lines centre of excellence.

ICA – California wildfire

Record-breaking Australian bushfire losses soar to A$1.65bn: ICA

2020-01-24T15:01:00+00:00

Insured losses in the wake of widespread bushfire damage in Australia have reached A$1.65bn ($1.13bn), according to the Insurance Council of Australia (ICA) – making the catastrophe the most expensive bushfire event on record.

Andy Coleman – Barents Re

Neon’s Coleman to head financial lines at Barents Re

2020-01-24T11:45:00+00:00

London market veteran Andy Coleman is joining Barents Re to head its financial lines portfolio, The Insurer can reveal.

IAG hailstorm

Higher claims dent IAG 2020 margin

2020-01-24T10:17:00+00:00

Australian insurer IAG has revised its full year 2020 guidance ahead of the publication of its first half results on 12 February, as it flagged increased claims costs following the country’s recent hailstorm event.

Markel-Nephila

Fitch assigns BBB rating to State National cat bond

2020-01-24T22:39:00+00:00

Fitch has assigned a BBBsf rating to the Class A notes of the newly launched $100mn Stratosphere Re cat bond that provides protection to State National for tail risk assumed as a result of business it fronts for its Markel stablemate Nephila.

ICA – California wildfire

Record-breaking Australian bushfire losses soar to A$1.65bn: ICA

2020-01-24T15:01:00+00:00

Insured losses in the wake of widespread bushfire damage in Australia have reached A$1.65bn ($1.13bn), according to the Insurance Council of Australia (ICA) – making the catastrophe the most expensive bushfire event on record.

Andy Coleman – Barents Re

Neon’s Coleman to head financial lines at Barents Re

2020-01-24T11:45:00+00:00

London market veteran Andy Coleman is joining Barents Re to head its financial lines portfolio, The Insurer can reveal.

IAG hailstorm

Higher claims dent IAG 2020 margin

2020-01-24T10:17:00+00:00

Australian insurer IAG has revised its full year 2020 guidance ahead of the publication of its first half results on 12 February, as it flagged increased claims costs following the country’s recent hailstorm event.

Markel-Nephila

Fitch assigns BBB rating to State National cat bond

2020-01-24T22:39:00+00:00

Fitch has assigned a BBBsf rating to the Class A notes of the newly launched $100mn Stratosphere Re cat bond that provides protection to State National for tail risk assumed as a result of business it fronts for its Markel stablemate Nephila.



Dam broken at iron ore mine in Brazil

Revisiting the Vale dam loss - one year on

On 25 January it will be one year since one of the worst mining losses in recent years, namely the collapse of the tailings dam at the Vale-operated Córrego do Feijão iron ore mine in Brazil, resulting in the loss of 275 lives.

Medical malpractice

Medmal to stay hard until at least 2021

The profits warning and reserve charge by US medical professional liability ProAssurance highlighted the challenges facing a market where frequency and severity of claims are at record levels…

Swiss Re

Swiss Re faces $1.3bn in losses from Japanese typhoons and Chilean riots

Swiss Re faces a combined $1.3bn loss from 2019’s Japanese typhoons and the Chilean riots, according to equity analyst Jefferies, which has warned over the reinsurer’s continued “outsized exposure” to the most cat-exposed regions.

Dam broken at iron ore mine in Brazil

Revisiting the Vale dam loss - one year on

On 25 January it will be one year since one of the worst mining losses in recent years, namely the collapse of the tailings dam at the Vale-operated Córrego do Feijão iron ore mine in Brazil, resulting in the loss of 275 lives.

Medical malpractice

Medmal to stay hard until at least 2021

The profits warning and reserve charge by US medical professional liability ProAssurance highlighted the challenges facing a market where frequency and severity of claims are at record levels…

Swiss Re

Swiss Re faces $1.3bn in losses from Japanese typhoons and Chilean riots

Swiss Re faces a combined $1.3bn loss from 2019’s Japanese typhoons and the Chilean riots, according to equity analyst Jefferies, which has warned over the reinsurer’s continued “outsized exposure” to the most cat-exposed regions.



Gavel and stephoscope

Where is the MedMal market’s pain threshold?

The medical professional liability sector is symptomatic of the wider US commercial casualty market…

Australia bushfire

The retention predicament

In a week when the Florida homeowners market was again under the spotlight an earnings preannouncement from California’s Mercury General last Thursday demonstrated that it is not only carriers in the Sunshine State that are being challenged by a harder reinsurance market.

OFAC and Iranian flag

The OFAC dilemma

The timing of insurance payouts for the Ukrainian International Airlines flight shot down by an Iranian missile is very much up in the air…

Gavel and stephoscope

Where is the MedMal market’s pain threshold?

The medical professional liability sector is symptomatic of the wider US commercial casualty market…

Australia bushfire

The retention predicament

In a week when the Florida homeowners market was again under the spotlight an earnings preannouncement from California’s Mercury General last Thursday demonstrated that it is not only carriers in the Sunshine State that are being challenged by a harder reinsurance market.

OFAC and Iranian flag

The OFAC dilemma

The timing of insurance payouts for the Ukrainian International Airlines flight shot down by an Iranian missile is very much up in the air…