7 December 2016

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Rates continue to slide

14 November 2016

With facultative reinsurance pricing continuing to remain extremely competitive, it should come as no surprise that global insurance rate decreases moderated for the third quarter in a row, according to data from MarshRead more


Scor sets sights on Indian fac

14 November 2016

The development of the Indian facultative market is continuing apace with Scor expecting to start writing credit reinsurance from its Indian branch office from 1 April 2017, having received approval from the regulatory authoritiesRead more


World’s largest oil terminal dodges major quake loss

14 November 2016

A magnitude 5.0 earthquake that struck 2km away from what is said to be the world's largest oil storage terminal, in Cushing, Oklahoma, is not believed to have caused major damage to the siteRead more


Marine cargo market on hook for $196mn Spacecom claim

14 November 2016

The marine cargo market is eyeing a $196mn claim to reimburse satellite operator Spacecom for the loss of the Amos-6 spacecraft which was destroyed during fuelling of the Falcon 9 launch vehicle in SeptemberRead more


BASF BI quantum still hangs in the balance

14 November 2016

The cost to property (re)insurers of a potential business interruption (BI) claim from a BASF factory explosion in October remains uncertain, despite the encouraging news that the facility restarted production soon after the incidentRead more


TfL and FirstGroup insurers on alert for tram crash

14 November 2016

The insurers of the infrastructure owner and operating company connected with the tram service that crashed in south London on 9 November are awaiting the outcome of investigationsRead more


Hannover Re credit claims increase

14 November 2016

Hannover Re has experienced an increase in the frequency and severity of claims in its credit and surety book in 2016, according to CEO Ulrich WallinRead more


Buyers demonstrate keen demand for fac

14 November 2016

After a turbulent period that has seen increased retentions, expanded treaty provisions and centrally imposed buying strategies assail the fac market, it would appear that demand for the product is now extremely healthy as many cedants take advantage of keen pricingRead more


Soft market necessitates D&F retrenchment

14 November 2016

With little sign of respite so far in 2016, and off the back of an extended period of fairly brutal rating decreases, the major players in the facultative reinsurance market have started to retrench from poorly performing lines and territoriesRead more


UK rail market eyes liability loss as five die in Tramlink crash

9 November 2016

Five people are reported to have died and at least 50 are said to have been injured in an early morning derailment on London's Tramlink service, which covers south London and the Croydon areaRead more


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