13 December 2017

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AXA to cease cover for new coal and oil sands business

AXA has announced its intention to cease writing insurance for coal and oil sands producers, as part of its stated commitment to fighting climate changeRead more

Perils estimates Herwart storm losses at $297mn

Catastrophe data specialist Perils has issued its initial loss estimate for Extratropical Cyclone Herwart, which caused significant damage in Austria and Germany on 29 OctoberRead more

Puerto Rican uncertainty continues

Nearly three months after Hurricane Maria swept across Puerto Rico a number of questions remain unanswered as to the extent of damage to the island's industrial and commercial facilities, and by inference the scale of (re)insured losses for the facultative marketRead more

Fac market eyes nuclear

After a period following Japan's March 2011 earthquake when sentiment in some quarters moved distinctly against nuclear energy, recent moves suggest that opportunities are once more on the table for standalone specialty insuranceRead more

Second wave of California wildfires threatens to add billions to loss tally

The estimated insured loss for the wildfires that ravaged California in October has reached $9.4bn, with additional fires burning as Inside FAC went to press threatening to add "another couple of billion", according to analystsRead more

Q3 cat estimates fail to match $100bn expectations

Despite a widespread expectation among market commentators that the (re)insurance sector is facing some $100bn of losses from the punishing third quarter catastrophe events, declared industry loss estimates to date suggest a figure well short of this levelRead more

Mapfre reveals EUR146mn Maria fac hit

Spanish (re)insurer Mapfre's Global Risks unit has passed on some EUR146mn ($172mn) in Hurricane Maria-related losses to the facultative reinsurance market, the carrier confirmed at its 2017 investor dayRead more

Keystone leak investigation points to construction damage

A report released by US federal agency the Pipeline and Hazardous Materials Safety Administration has suggested a recently discovered leak in TransCanada Corporation's Keystone oil pipeline in South Dakota was caused by damage during construction in 2008Read more

AIR: Maria top end trimmed to $48bn

AIR Worldwide has dramatically lowered its loss estimate range for Hurricane Maria to $27bn-$48bn, though it continues to stress the importance of industrial exposures from Puerto RicoRead more

News analysis

See more news analysis

Starterís orders

Bloodstock's attractiveness as a non-correlating class continues unabated - especially as 2017 cats promise to push up rates across the board, finds Inside FACRead more

The FAC Door

It is with great sadness that we mourn the passing of one of the fac market's real driving forces of recent years, and someone routinely spoken of with great respect, Amanda HayesRead more

Swings and fac-abouts

The facultative market looks set to take a hefty hit as a result of the Q3 cat losses, but what of future purchasing? Inside FAC delves deeperRead more

Marcus - sketch

The distribution game

Last month the UK's Financial Conduct Authority (FCA) announced the terms of reference for a market study concerning the wholesale insurance broker sector Read more

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