11 December 2017

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Keystone leak investigation points to construction damage

8 December 2017

A report released by US federal agency the Pipeline and Hazardous Materials Safety Administration has suggested a recently discovered leak in TransCanada Corporation's Keystone oil pipeline in South Dakota was caused by damage during construction in 2008Read more


Mapfre reveals EUR146mn Maria fac hit

8 December 2017

Spanish (re)insurer Mapfre's Global Risks unit has passed on some EUR146mn ($172mn) in Hurricane Maria-related losses to the facultative reinsurance market, the carrier confirmed at its 2017 investor dayRead more


Q3 cat estimates fail to match $100bn expectations

8 December 2017

Despite a widespread expectation among market commentators that the (re)insurance sector is facing some $100bn of losses from the punishing third quarter catastrophe events, declared industry loss estimates to date suggest a figure well short of this levelRead more


Second wave of California wildfires threatens to add billions to loss tally

8 December 2017

The estimated insured loss for the wildfires that ravaged California in October has reached $9.4bn, with additional fires burning as Inside FAC went to press threatening to add "another couple of billion", according to analystsRead more


Fac market eyes nuclear

8 December 2017

After a period following Japan's March 2011 earthquake when sentiment in some quarters moved distinctly against nuclear energy, recent moves suggest that opportunities are once more on the table for standalone specialty insuranceRead more


Puerto Rican uncertainty continues

8 December 2017

Nearly three months after Hurricane Maria swept across Puerto Rico a number of questions remain unanswered as to the extent of damage to the island's industrial and commercial facilities, and by inference the scale of (re)insured losses for the facultative marketRead more


Sedgwick to acquire Cunningham Lindsey

6 December 2017

Continuing the trend of consolidation which has typified the loss adjusting sector in recent years, Sedgwick Claims Management Services is to acquire Cunningham Lindsey for an undisclosed sumRead more


Marsh appoints new UK aviation and aerospace heads

5 December 2017

Marsh has promoted Mark Costin to head of its UK aviation practice, effective immediately. He previously led the broker's UK aerospace team and will continue to be based in LondonRead more


Fac market takes EUR146mn Mapfre Maria hit

1 December 2017

Spanish (re)insurer Mapfre's Global Risks unit has passed on some EUR146mn in hurricane Maria-related losses to the facultative reinsurance market, the carrier confirmed as part of its Investor Day 2017Read more


Construction damage may have caused TransCanada pipeline leak

1 December 2017

A report released by US federal agency the Pipeline and Hazardous Materials Safety Administration has suggested a recently discovered leak in TransCanada Corporation's Keystone oil pipeline in South Dakota was caused by damage during construction in 2008Read more


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