23 March 2017

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Hannover Re to buy Argenta

Hannover Re has reached an agreement with Argenta Holdings to acquire Lloyd's managing agent Argenta Syndicate Management, the companies announced today (20 March)Read more

Hannover Re bolsters Talanx 2016 results

Hannover Re, the property-casualty and life and health reinsurance arm of German (re)insurance group Talanx made a "robust contribution" to the group's net income for 2016, it reported today (20 March)Read more

McMahon to head property insurance underwriting at XL Catlin

XL Catlin has promoted Tim McMahon to the role of global chief underwriting officer for property insurance, with effect from 1 May, the carrier said today (20 March)Read more

BW FPSO loss settles for EUR470mn

A 2015 explosion at a floating production, storage and offloading unit (FPSO) owned by BW Offshore has settled for EUR470mn, a figure at the upper end of expectations, Inside FAC can revealRead more

Indonesia licenses two reinsurance brokers

The Financial Services Authority of Indonesia (Otoritas Jasa Keuangan or OJK) has granted operating licences to two more reinsurance brokers this month, taking the total number licensed in the jurisdiction to 42Read more

Cat claims cost Generali EUR295mn

The impact of catastrophe claims for Generali improved slightly in 2016, costing EUR295mn (EUR313mn 2015), as the cedant's revised reinsurance programme helped absorb storms and flooding that took place in France and Germany in May and June, and earthquakes that struck central Italy in August and OctoberRead more

Munich Re Q4 figures drag down full year P&C result

Munich Re had a disappointing fourth quarter 2016 result in its property-casualty (P&C) reinsurance division, with underwriting profitability well below the prior-year periodRead more

AIG's Antes joins Ascot as political risk head

Ascot Underwriting has hired Ray Antes from AIG, as executive underwriter in charge of the carrier's political risk team, effective 1 JuneRead more

Donavan to replace Pearson as AGCS cyber head

Emy Donavan has been named as global head of cyber at Allianz Global Corporate & Specialty (AGCS), with effect from the end of MarchRead more

News analysis

See more news analysis

Sector profile: Paper, pulp and wood

You don't have to be big to be a forest products player, but you do need to understand the big stuff. From sawmills to paper-making, this is a heavily engineered space, finds Inside FACRead more

Country profile: Middle East and North Africa

Regulatory changes in some of the GCC insurance markets could boost demand for reinsurance, offering welcome relief from ongoing competitive pressuresRead more

Beware the cyber cat

The growing cyber (re)insurance market should be alert to the potential for unexpectedly large losses through dedicated cyber policies, according to analysis by Swiss ReRead more

The FAC Door

The Great Smoky Mountains wildfires in Tennessee's Sevier County, which threatened to devastate the resort towns of Gatlinburg and Pigeon Forge in November last year, claimed 14 victims and were last estimated to have caused insured losses of around $842mnRead more

Marcus - sketch

Bad-boy bounce

Just when you think the industry has become insufferably over-regulated and actuaralised, along comes a bad-boy broking story to restore one's faith in all the nefarious practices of the reinsurance market of yesteryear Read more

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