19 April 2014

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Marketform med-mal costs Central Fund £10mn

17 April 2014

Marketform has handed on more than £10mn ($16.7mn) of claims to the Lloyd's Central Fund in the last six months as the run-off of its Italian med-mal portfolio continues to inflict pain on the market, sister publication The Insurance Insider reportedRead more


Gulf of Mexico energy firms increase focus on capital markets

17 April 2014

Energy XXI and a number of other major exploration and production companies on the US Gulf shelf are ramping up efforts to explore ILS alternatives for Gulf of Mexico wind protection in the form of parametric products, Inside FAC understandsRead more


Senate’s 7-year Tria extension won’t stop standalone demand

17 April 2014

Last week's US Senate Bill proposing to extend the Terrorism Risk Insurance Act (TRIA) programme for another seven years is unlikely to stem the increased demand for standalone terrorism cover, according to AonRead more


Willis: US commercial insurance is buyers’ market

17 April 2014

With the US property sector softening faster than expected, a buyers' market is expected to emerge for US commercial insurance in 2014, alongside easing upward pressure on rates in many other business classes, according to WillisRead more


BI losses push up energy claims deterioration

17 April 2014

Business interruption (BI) losses have pushed up the claims totals for a number of headline energy losses in 2012 and 2013, according to data from WillisRead more


Korean ferry disaster hits insurers with $140mn loss

17 April 2014

The tragic capsizing of a South Korean ferry on 16 April, with almost 300 passengers still unaccounted for, is expected to generate a loss of around $140mn to the marine insurance marketRead more


Hyperion’s Behagg to join Chily’s crew

17 April 2014

Simon Behagg, director of Transformation at Hyperion Insurance Group is to join Grahame "Chily" Chilton as chief operating officer (COO) of the latter's reinsurance broking startup Capsicum Re, Inside FAC understandsRead more


QBE to withdraw from bloodstock

17 April 2014

Sydney-headquartered carrier QBE has put the renewal rights for its bloodstock book up for sale following the potential sale of its Lloyd's aviation and US middle market businesses, Inside FAC understandsRead more


Lloyd’s shifts focus to insurance and international markets for 2014-2016

16 April 2014

Lloyd's has revamped its Vision 2025 strategy and is planning to increase its focus on insurance, targeting a larger share of insurance business in developing marketsRead more


Maloney takes the reins as Lancashire CEO Brindle retires

16 April 2014

Lancashire Holdings CEO and founder Richard Brindle is to retire from the London-listed (re)insurer at the end of this month, however analysts predict no change in underwriting strategy and have praised the incoming chief executiveRead more


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