21 January 2017

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January 2017/1
Publication Date: 13 January 2017

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Quality will out

13 January 2017

It's always good to start the new year with a bang, and the news that Ajit Jain is launching a new fac unit headed by the well-regarded John Gorman is certainly a fine way to kick off 2017Read more

Property D&F writers brace for challenging 2017

13 January 2017

Property direct and facultative underwriters appear to be bracing themselves for a testing 2017 after several years of battling against challenging conditions on the open market side, according to a survey of the market conducted by Inside FACRead more

Jain hires Gorman for Berkshire fac push

13 January 2017

Ajit Jain has hired property facultative stalwart John Gorman to head a new P&C fac unit under the Berkshire Hathaway Reinsurance Group umbrella, Inside FAC has learnedRead more

Aegis Londonís Sawyer sees US private flood opportunities

13 January 2017

Aegis London's new head of property Toby Sawyer has said it is important to focus on the fact that despite challenging conditions in the current property direct and facultative (D&F) space there are still areas worth writingRead more

Contingency market eyes $50mn Star Wars claim

13 January 2017

The London contingency (re)insurance market is anticipating a significant claim following the death of Star Wars actress Carrie FisherRead more

Texas Rangers $35mn claim to hit PA market

13 January 2017

The personal accident (PA) market is anticipating a $35mn permanent total disablement loss from US baseball team the Texas Rangers following the career-ending injury to player Prince FielderRead more

Perils pegs Eva-Frank losses at £504mn

13 January 2017

Catastrophe loss data specialist Perils has said storms that hit the UK in December 2015 and January 2016 caused insured flood losses of £504mn ($619.2mn)Read more

Alpine Eternity loss rises to $275mn

13 January 2017

Marine (re)insurers have been notified that the ground-up loss from the collision in March 2015 between oil and chemical tanker Alpine Eternity and an Iranian offshore drilling platform has risen to $275mn, up from an initial estimate of $225mnRead more

Texas endures $6bn+ of 2016 weather losses

13 January 2017

Hail and other severe weather caused more than $6bn of insured losses in Texas during 2016, including $1.4bn from a single storm, according to the Insurance Council of Texas (ICT)Read more

Jubilee FPSO loss expected to reach $1.4bn

13 January 2017

Damage to the Kwame Nkrumah floating production, storage and offloading (FPSO) vessel moored on Ghana's Jubilee oil field is expected to cost (re)insurers as much as $1.4bnRead more

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