28 June 2016

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London market stresses resilience in face of Brexit uncertainty

Representatives of Lloyd's and the London company market have expressed their confidence that the London (re)insurance market is well-positioned to cope with economic uncertainty following a majority vote for the UK to leave the European Union in yesterday's referendumRead more

Cathedral continues property rebuild with Narbett D&F hire

Cathedral Underwriting, part of Lancashire Holdings, has continued to rebuild its property team with the hire of Matthew Narbett from XL CatlinRead more

Perils lowers Eva-Frank estimate to £538mn

Catastrophe loss compilation agency Perils has lowered its estimate for insured losses from the UK floods linked to storms Eva and Frank last December to £538mn, down 7 percent on its previous estimateRead more

Advent and Brit sign up to Lloyd’s Colombia

Lloyd's has formally launched its Colombian platform, with Advent and Brit the first to join, in a testament to the growing attractiveness of the country for direct & facultative (D&F) businessRead more

Channel Syndicate hires Aspen’s Allen in cyber push

Scor-backed Channel Syndicate 2015 at Lloyd's has hired Aspen's Tom Allen as head of technology and cyber insuranceRead more

Aon Benfield appoints new cyber co-head

Aon Benfield has hired Luke Foord-Kelcey from insurance management firm Tindall Tiley as co-head of its Global Cyber Practice GroupRead more

Probitas confirms Boorman as new financial lines head

Lloyd's (re)insurance carrier Probitas has appointed Charles Boorman to lead its Financial Lines team, effective immediately, the underwriter said today (17 June)Read more

French and German flood losses to cost $2.9bn: AM Best

Insured losses from storms Elvira and Friederike, which hit Germany and France between late May and early June are likely to reach up to $2.9bn, according to rating agency AM BestRead more

BHSI opens German office with new hires

Berkshire Hathaway Group's specialty insurance operation has opened a German office and appointed five new executives to cover Northern European businessRead more

News analysis

See more news analysis

Rugged risks

The Alberta wildfire event is set to be the largest cat loss in Canada's history, but the market is used to absorbing major losses without blinkingRead more

Last call for Brexit

The London insurance market seems broadly in favour of the UK remaining inside the EU, but should the vote go the other way does the fac market have anything to fear?Read more

A perfect storm?

Intense competition and a steady growth in exposure from small companies typifies the technology E&O market, as Inside FAC discoversRead more

Station to Station

Aspen Insurance has appointed Erik Armellino as international head of onshore energy and construction. He will report to Ann Haugh, president of international insurance and chief operating officer of Aspen Insurance. Armellino joins from Advent Underwriting, where he was head of underwriting performance and property direct and facultativeRead more

Marcus - sketch

The pricing pickle

I've been writing about the (re)insurance market for some 20 years now (I know!), and a perennial question in the sector concerns the right price for the product. Actuaries may like to think they have a fairly rigorously scientific approach to pricing, but I'm not so sure Read more

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