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Recent news: Kiln boosts Asian fac presence

Latest news

Catlin leads on Willis-placed Pakistani jet crash

Catlin Group is the lead on the AirBlue passenger plane that crashed in heavy monsoon rain in Islamabad today (28 July), Inside Fac understands…Read more

Revolving doors continue at GCFac in London

GCFac's London operations are set for a significant overhaul over the summer as the broker aims to address what has in recent times been perceived as a weak link in its network…Read more

Aon returns to contingent commissions

Aon Corp - the world's largest insurance broker - said it will again take contingent commissions almost six years after the former New York attorney general led a campaign against the payments…Read more

Starr launches into space with $35mn line

CV Starr subsidiary Starr Aviation has entered the satellite insurance market following its acquisition of leading space underwriter International Aerospace Insurance Services (Inter-Aero)…Read more

Kiln boosts Asian fac presence

Lloyd's (re)insurer Kiln has appointed facultative specialist Paul Dreblow as regional underwriting director, based in Singapore. In addition he will underwrite the regional property account…Read more

Robertson Taylor hires Johnstone from THB

Robertson Taylor Insurance Brokers, a subsidiary of Oxygen Holdings plc, has hired Dawn Johnstone from Thompson Heath and Bond (THB) as manager of its music & entertainment division…Read more

Chaucer sets up Latin American fac operation

Lloyd's insurer Chaucer is opening a new office in Buenos Aires to write facultative property business, as it looks to exploit post-Chile rate hardening…Read more

Dual signs up Newline and raids Axis in D&O drive

Expansive agency Dual Corporate Risks (DCR) has signed up Newline Syndicate 1218 to provide £10mn of excess capacity for Directors' & Officers' (D&O) business, while simultaneously raiding Axis Capital to bolster its team…Read more

Rail head Beardsley transfers to Marsh

Aon's head of rail, Jim Beardsley, has joined rival Marsh to head its new global rail practice…Read more

News analysis

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Aon Benfield Global Fac Index

Our exclusive analysis - Aon Benfield Global Fac Index - shows the London wholesale market continuing to hold firm amid the global soft market, with no indications of any change at the midpoint of the year… Read more

Record first half losses approach $24bn

Catastrophe losses in the first half of the year could reach a record $24bn as the full impact of the Chilean earthquake, windstorms and major man-made losses such as Deepwater Horizon and the Bangkok riots becomes clear… Read more

Equine bloodbath

Difficult economic conditions, overcapacity, poor pricing - and that's just on the breeders' side. Inside FAC takes a look at the troubled bloodstock market in 2010… Read more

Airline claims below average in 2010

Airline claims are running 10 percent below the 1996-2009 average, with major first-half losses at $458mn compared to $1.32bn for the same period in 2009… Read more

FAC Comment

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Spoiling the broth

Looking around the market it seems pretty encouraging, doesn't it? After all, certain Chilean programmes have seen some decent renewals in the wake of the earthquake, according to the brokers … Read more

Feature of the month

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The great fac depression

A string of natural and man-made catastrophe losses in 2010 has done little to hold back continued depressed pricing in the vast US fac market. Inside FAC takes a closer look… Read more

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