7 July 2015

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WTF

3 July 2015

It's not every day we see a $28bn insurance transactionRead more


In through the out door

3 July 2015

There's always room at the top - and never more so than when M&A fever has taken hold. The latest executive shake-up follows the shock news of Willis's merger with consultancy firm Towers Watson to form Willis Towers WatsonRead more


News digest

3 July 2015

Chedid Re becomes Lloyd's broker; Gallagher vs Ross trial postponed; Political risk cell launched via Castel MGA; Barents Re to launch European venture; Antares returns to property D&F; Gulf facilities unaffected by Bill; QBE targets MENA casualty; IAG to cut reinsurance spend by 20%; AGCS partners on crisis management service; Fidelis confirms $1.5bn launch; Bathia gets approval for Lloyd's syndicateRead more


PGEC loses 2012 pipeline battle

3 July 2015

Pacific Gas & Electric Company (PGEC) has lost its latest legal battle with state regulators after an appeals court upheld a $14.35mn fine levied by the California Public Utilities Commission in relation to a 2012 pipeline faultRead more


Standalone terrorism swells to $4.3bn

3 July 2015

Maximum achievable limits in the standalone terrorism market have increased to approximately $4.3bn, though specific terrorism reinsurance remains under pressure, according to MarshRead more


Underwriters secure Sandy victory against Amtrak

3 July 2015

Rail (re)insurers have won a significant victory against US rail operator Amtrak in the latest round of their long-running dispute over payments arising from Superstorm SandyRead more


Willis targets reinsurance market share after $18bn Towers Watson move

3 July 2015

Willis Group Holdings and consultancy firm Towers Watson are set to form a new entity called Willis Towers Watson in an all-stock merger transactionRead more


Perils raises Niklas loss estimate to EUR835mn

3 July 2015

Zurich-headquartered industry loss aggregator Perils has increased its loss estimate for Windstorm Mike-Niklas to EUR895mn from its initial forecast of EUR853mnRead more


Offshore market faces $375mn BigFoot loss

3 July 2015

Chevron is understood to be claiming around $375mn from its insurers after the sinking in June of most of the tethering lines that secure its BigFoot oil platform to the sea bedRead more


Latest SpaceX failure fuels premium fears

3 July 2015

The explosion of the Space Exploration Technologies (SpaceX) Falcon 9 rocket on 28 June has added to fears in the niche space market that premium income originally earmarked for this underwriting year could be pushed into 2016, Inside FAC understandsRead more


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