21 July 2017

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EC gives green light for Belgian nuclear insurance backstop

The European Commission has effectively given the green light for the establishment of a state guarantee for nuclear civil liability for those operators that are unable to find cover in the commercial (re)insurance market in BelgiumRead more


Beazley retains specialty faith as rating woes continue

London-listed Beazley sketched a picture of further rating deterioration across its portfolio as it recorded a 6 percent increase in 2017 pre tax profits compared to the prior-year period to $158.7mnRead more


Talanx to enter Colombian market

Hannover-based Talanx Group has agreed to acquire Generali's two Colombian subsidiaries, Colombia Seguros Generales and Generali Colombia Vida Compañia de Seguros, for EUR30mn ($34.6mn)Read more


US storms dominate H1 global nat cat losses

A series of hailstorms and tornadoes in the US, that cost insurers $13.5bn, dominated the insured loss total for the first half of 2017, despite below-average losses across a range of other factorsRead more


Pioneer snags Faraday D&F cat modelling head

Managing general agency (MGA) Pioneer Underwriters has appointed Anand Hari as its head of catastrophe risk and exposure management, reporting to Graeme Rayner, group underwriting director at PioneerRead more


Ed bolsters A&H and contingency with Choolhun hire

Reinsurance, wholesale and specialty broker Ed has added to its accident and health (A&H) and contingency team with the hire of Roshan Choolhun as divisional directorRead more


Castel MGA expands specialty business with construction launch

Castel Specialty, a division of the Barbican-owned managing general agency (MGA) Castel Underwriting Agencies, is expanding into construction business, the company said today (20 July)Read more


Increased Q2 cat losses impact Travelers

Higher catastrophe losses in the second quarter of 2017 saw core income at US insurer Travelers fall by some 16 percent compared to the prior-year period to $543mnRead more


NZ quake claims climb to $1.4bn

The total value of commercial claims received in relation to the Kaikoura temblor that struck New Zealand's South Island near Hanmer Springs on 14 November last year has climbed to NZ$1.39bn, according to the Insurance Council of New ZealandRead more

News analysis

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Tom Hoad

Reputation for risk

One of the hallmarks of the fac market is its ability to spot and nurture new risks, so Inside FAC was keen to chat to Tokio Marine Kiln's nattily titled head of innovation Tom HoadRead more

Waiting for the surge

Nasty claims, depressed rating and historic US liability claims suggest a power (re)insurance market in the doldrums. Not so, as Inside FAC investigatesRead more

‘Forlorn’ hope of energy market reaching bottom

Despite significant loss activity in the downstream energy sector during the second quarter of 2017, rates in the market have not yet reached rock bottom, according to JLTRead more

The North Wind and the Sun

While renewable energy projects are fast becoming a credible alternative to conventional power generation methods, Inside FAC finds that the biggest draw for carriers might be the humble batteryRead more

Marcus - sketch

Death sentence

Silly season, in journalistic parlance, is about to be upon us, so here's a little joke before we enter the fury of the run up to and the actual madness of Monte Carlo Read more

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