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Inside FAC market survey 2013
10 May 2013
Welcome to the Inside FAC Market Survey 2013… Read more
Prime steak
10 May 2013
Has Ajit Jain switched to a stronger brand of coffee? Never one to be accused of unexciting plays, his recent moves have been spectacular… Read more
Demand drops off in GoM
10 May 2013
Surprise move comes despite market turnOffshore underwriters currently negotiating key Gulf of Mexico (GoM) renewals in the run-up to the official 1 June start of the US wind season are witnessing a significant fall in demand, with several major buyers walking away, Inside FAC can reveal. … Read more
Capacity influx expected to continue
10 May 2013
Brokers and underwriters in the direct and facultative arena are expecting yet more capacity to enter their class this year, according to the findings of the latest exclusive Inside FAC Market Survey (see pages 9-12)… Read more
AIG and Berkshire vie for D&F heartland
10 May 2013
While insurance giant American International Group (AIG) appears to have recovered its mojo, with a good set of first quarter results and a push to increase its share of London market placements, rival Berkshire Hathaway is continuing with its own bid for a larger chunk of similar territory in the US… Read more
Mining market eyes Rio Tinto renewal
10 May 2013
2013 could be a pivotal year for the mining underwriting market following Rio Tinto's massive $1bn potential loss at its Bingham Canyon mine, Inside FAC understands… Read more
Aegis leads $75mn Bowen plant loss
10 May 2013
US energy mutual insurer Associated Electric and Gas Insurance Services Limited (Aegis) is understood to the largest participant on the primary placement for the most significant power loss so far this year, Inside FAC can reveal… Read more
Modest Texas Fertilizer programmes revealed
10 May 2013
The extent of the relatively modest direct exposures of the commercial insurance market following the explosion at the West Fertilizer plant in West, Texas last month have now surfaced… Read more
Global Aerospace leads $52mn hull loss
10 May 2013
London-headquartered aviation pool Global Aerospace is the lead underwriter on the JLT-placed programme purchased by Indonesian airline Lion Air, which suffered the total loss of a Boeing 737-800 on 13 April… Read more
D&O programme for News Corporation pays out $139mn
10 May 2013
Underwriters on the directors' and officers' (D&O) programme for News Corporation are paying out $139mn after a settlement was reached in a long-running shareholders' action over the phone hacking scandal… Read more
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