24 September 2017

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PCS: initial Harvey estimate is $15.9bn

Respected property data specialist Property Claims Service (PCS) has released its initial estimates for insured industry losses from August's Hurricane Harvey, suggesting a figure of some $15.9bn, according to sister publication The Insurance InsiderRead more

Open markets face major losses from 7.1 Mexican quake

The scale and proximity of the latest devastating earthquake to hit Mexico, whose epicentre was only 75 miles from Mexico City, looks likely to heap on yet more significant losses for the fac market in a year which is shaping up to be one of its worst ever in terms of cat-affected lossesRead more

Hannover Re issues 2017 profit warning after recent cat losses

Hannover Re has warned that its 2017 profits are likely to take a beating from the most recent natural catastrophe events to hit the (re)insurance marketsRead more

Markel makes further equine underwriting hire from MS Amlin

Specialist carrier Markel International has hired Oliver Atkin from MS Amlin as an underwriter in its equine team, reporting to Juliet Redfern, managing director, equine and livestockRead more

XL Catlin expands Iberian political risk operation

XL Catlin's Iberian insurance operation has expanded its political risk underwriting capabilities with the appointment of Santiago Herrero as head of its political risk, credit & bond (PRCB) businessRead more

AIR pegs 7 September Mexican quake loss at up to $1.13bn

Catastrophe modelling firm AIR Worldwide has estimated insured losses for the earthquake that hit Chiapas, Mexico on 7 September, killing at least 96 people, at 14bn-20bn Mexican pesos ($788mn-$1.13bn)Read more

Ed appoints new MENA and India head

Ed has hired Minesh Jani as chief executive of its Middle East and North Africa (MENA), India and Indian sub-continent operationsRead more

Hiller joins Willis Towers Watson as construction head

Martin Hiller has left JLT to join Willis Towers Watson as head of international construction, within the rival broker's Corporate Risk and Broking unit and reporting to Alex Clayton, CEO of constructionRead more

Pen Underwriting promotes Downey to CUO

Pen Underwriting has appointed Tom Downey as chief underwriting officer with effect from 1 October, the managing general agency (MGA) said today (15 September)Read more

News analysis

See more news analysis

El Dorado is burning

Recent cladding-related building fires might suggest big opportunities for fac writers, but rates are burning up in the El Dorado of the Middle EastRead more

Waiting for the man

Despite growing approval of medical cannabis use in the US, plus recreational use in a handful of states, an unchanged federal stance has so far kept international (re)insurers at bay, finds Inside FACRead more

Igor Best-Devereux

No buzzword required

Inside FAC talks to eReinsure CEO Igor Best-Devereux about the role of tech in the fac and wider reinsurance marketsRead more

David O'Keefe

Spirited debate

David O'Keefe, head of facultative certificate and property program business, Munich Reinsurance America, discusses the US fac marketRead more

Marcus - sketch

London buses

The hackneyed old saying about London buses is that you wait ages for one, then three come at once - which in my experience is actually fairly accurate Read more

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