22 April 2018

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Swiss Re guns for US E&S with standalone unit

13 April 2018

In a sign of the continuing blurring of distinction which characterises the contemporary commercial lines space, struggling primary division Swiss Re Corporate Solutions (SRCS) has launched a standalone excess and surplus lines (E&S) business unit for the North American marketRead more

Mounier to lead Asia Pac operations for Beazley

12 April 2018

Beazley has appointed Lucien Mounier as head of its Asia Pacific operationsRead more

The FAC Door

9 April 2018

Inside FAC was honoured to be invited to the Recruitment Industry Disability Initiative (RIDI) awards 2018, which were kindly hosted by XL Catlin. RIDI has one stated purpose: to break down the barriers faced by the millions of disabled people who are entering or progressing through the job marketRead more

News digest

9 April 2018

FM Global reported an $835.8mn operating loss for 2017 as hurricane and earthquake claims drove insured losses to a level the P&C carrier said "far surpassed projections"Read more

Axa strikes $15.3bn deal for XL Group

9 April 2018

French carrier Axa has agreed a $15.3bn deal to acquire XL Group as it seeks to become a major property and casualty playerRead more

Reinsurance rate rises remain elusive

9 April 2018

Property reinsurance rates remained broadly flat on loss-free accounts at the 1 April renewals, according to Willis Re's 1st View reportRead more

Major claims cost Lloyd’s £4.5bn in 2017

9 April 2018

The Lloyd's market absorbed £4.5bn ($6.3bn) in major claims in 2017 (2016: £2.1bn), with US and Caribbean-oriented direct and facultative property writers taking a pounding off the back of Harvey, Irma and MariaRead more

IUMI: Maersk Honam will be largest general average loss on record

9 April 2018

Insured losses as a result of the blaze on board the Maersk Honam, which caught fire on 6 March, will run into the hundreds of millions, according to the British International Freight AssociationRead more

Markel reboots property underwriting

9 April 2018

Markel's surprise decision in March to exit London direct and facultative (D&F) property was compounded in April with the news that it had also parted company with senior underwriters in its Bermudian operationRead more

Agora syndicate swings to £20mn loss

9 April 2018

Skuld-backed Special Purpose Arrangement (SPA) 6126 has recorded a loss of £20.2mn ($28.3mn) for the 2017 calendar year, joining the ranks of Lloyd's players that were bruised and battered by losses from Harvey, Irma and MariaRead more

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