24 June 2017

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Commercial claims top-out as Kaikoura temblor costs reach $1.3bn

The magnitude 7.8 earthquake that struck New Zealand's South Island near Hanmer Springs on 14 November is now expected to cost some NZ$1.84bn ($1.33bn), with the direct and facultative market experiencing some sizeable lossesRead more

Everest Re guns for international casualty fac with Hiscox hire

Everest Re Group has Matthew Kelly from Hiscox as vice president and head of the reinsurance division's international casualty facultative unitRead more

US standalone cyber premium hits $910mn

Revealing analysis that will stand as a fillip to the development of casualty fac products, AM Best has suggested that 97.9 percent of a total direct cyber premium of $1.34bn written last year by US companies was done on a standalone basisRead more

QBE warns over emerging market claims

QBE shares slumped some 11 percent this week after the underwriter flagged claims activity in emerging marketsRead more

Med mal player Coverys seals deal for R&Q’s Lloyd’s managing agency

US medical malpractice specialist insurer Coverys is set to acquire acquire Randall & Quilter's (R&Q) Lloyd's managing agency for $22.6mnRead more

CNA Hardy supports Pen construction

Gallagher's managing agency Pen Underwriting has attracted CNA Hardy paper to support a new modular cover for the construction marketRead more

Cindy forces Gulf evacuations

The back-end of Tropical Storm Cindy brought tornadoes and flooding to the US Gulf Coast this week, with heavy rains expected to drench much of the eastern United States in coming days, forecasters saidRead more

Chaucer opts for Dublin

In the latest fallout from the Brexit decision, Chaucer has received clearance to establish a Dublin-based subsidiary to write international specialty (re)insurance businessRead more

Market facing $500mn Huntsman loss

The property fac market is facing the prospect of a $500mn loss as a result of a fire at US chemical corporation Huntsman's titanium dioxide manufacturing facility in Finland, Inside FAC can revealRead more

News analysis

See more news analysis

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

Mory Katz is managing director, US at Pro Global

The $100bn dollar question

Say what you like about the legacy insurance market, you can't call it dull at the moment. Pro Global's Mory Katz explains why new Rhode Island legislation has shaken up the market and how it will revolutionise the capital efficiency of facultative insurance and reinsurance companiesRead more

Shifting sands

Falling commodity prices and regulatory protectionism have stifled immediate growth prospects across the sub-Saharan African reinsurance market. However, opportunities remain for D&F writers that take a longer-term viewRead more

Agricultural sector guns for parametric cover

The market for alternative risk transfer products for agricultural exposure received a boost in May with the news that French and Taiwanese farmers have signed up to risk transfer solutions that employ parametric triggersRead more

Cyber fac

Dear fac-ster,Some encouraging news this week for casualty fac-ers that US standalone cyber premium last year for direct writers was some $910m Read more

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