30 September 2014

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Amtrak starts legal battle over $500mn+ Sandy losses

24 September 2014

The National Railroad Passenger Corporation (which trades as Amtrak) has filed a lawsuit against a number of its insurers for failing to fully pay an estimated $504mn in losses from Superstorm SandyRead more


Markel hires trade credit expert for Dubai

24 September 2014

Specialist insurer Markel International has appointed trade credit specialist Leroy Almeida to head up its Dubai officeRead more


Gulf Re awaits Arch support to resolve negative rating review

23 September 2014

Dubai-based reinsurer Gulf Re is looking to secure new support from backer Arch Capital Group after AM Best placed its ratings under review with negative implications due to weak operating performance following four years of technical lossesRead more


SBM Offshore to make $1.3bn construction claim

23 September 2014

The offshore energy construction market is facing a $1.3bn loss after energy engineering group SBM Offshore has said it will make a full claim for faulty building work on a North Sea oil platform for Talisman Energy, sister publication The Insurance Insider revealedRead more


Reina: Automatics could solve flood issue

22 September 2014

The facultative reinsurance market could help soak up increased demand for flood protection through hybrid models, providing automatic solutions for small and medium exposures, according to Guy Carpenter's CEO of Continental Europe and MENA Massimo ReinaRead more


JLT USA builds cyber team

22 September 2014

Jardine Lloyd Thompson's new US specialty platform, JLT Specialty Insurance Services (JLT USA), has added three cyber risk specialists to its nascent cyber teamRead more


XL hires property fac underwriter from Gen Re

19 September 2014

Henry Williams, a senior underwriter for property facultative at Berkshire Hathaway subsidiary Gen Re, has left the firm to join XL Group, Inside FAC has learnedRead more


JLT Towers Re to invest in fac

19 September 2014

JLT Towers Re - soon to become JLT Re - is looking to invest in its facultative business which currently makes up around 5 percent of the overall business, chief executive Mike Reynolds saidRead more


Reinsurance capacity in MENA expected to expand

19 September 2014

Reinsurance capacity in the Middle East and North Africa (MENA) region is expected to grow in the next year despite concerns over softening market conditions, according to the Qatar Financial Centre Authority (QFCA)Read more


Top reinsurers united on underwriting discipline

19 September 2014

The world's leading reinsurers have emphasised their adherence to underwriting discipline in the face of a continued decline in reinsurance rates, albeit ahead of a potentially bottoming-out marketRead more


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