23 March 2017

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Fac drives top line at Swiss Re

6 March 2017

Property casualty gross written premium in Swiss Re's reinsurance division rose by 12.7 percent in 2016 to $17bn, driven by "large and tailored transactions" in the US and EuropeRead more


Cat losses and asbestos dent Liberty

6 March 2017

Liberty Mutual's fourth quarter results revealed a 10.4 percent increase in catastrophe losses to $266mn and a $100mn asbestos and environmental reserve charge, gross of the carrier's adverse development cover with Berkshire HathawayRead more


GWP hits 108mn at Nexus Underwriting

6 March 2017

Expansive managing general agent (MGA) Nexus Underwriting handled £108mn ($132mn) of gross written premium (GWP) in 2016, a 56 percent increase on the previous year, fuelled by growth at its Nexus EBA divisionRead more


Novae retrenches from international D&F

6 March 2017

Novae has pulled out of the international property direct and facultative (D&F) market in a further indication of the extremely challenging trading conditions in the sectorRead more


Zurich leads cover on $100mn ABB employee theft loss

6 March 2017

Zurich Insurance leads the $30mn primary layer for the commercial crime policy triggered following a "sophisticated criminal scheme" at the South Korean subsidiary of Swiss engineering firm ABB, Inside FAC understandsRead more


US catastrophe tally climbs to $21bn

6 March 2017

Catastrophe losses for the US (re)insurance market surged to some $21bn in 2016, a 46 percent increase on the previous year's $14.3bn incurred losses, according to Property Claim Services (PCS)Read more


2016 nat cat losses $39.5bn: Willis Re

6 March 2017

Willis Re has estimated insured losses from major natural catastrophe events in 2016 at $39.5bn, lower than previous estimates from other brokers and reinsurersRead more


Gatlinburg losses erode Q4 results

6 March 2017

The scale of insured losses for US property writers from the November 2016 Great Smoky Mountains wildfires is emerging in fourth quarter reporting, with carriers suffering a substantive impactRead more


HDI compelled to arbitrate in $5.4mn light rail dispute with Lexington

6 March 2017

A New York federal judge has granted Lexington Insurance's motion to stay a $5.4mn reinsurance dispute, effectively compelling HDI Global to the arbitration tableRead more


Sirius property D&F trio depart

6 March 2017

Sirius International Insurance Group (Sirius Group)'s Lloyd's operation has terminated the contracts of three of its property direct and facultative (D&F) underwriters due to "fundamental differences" within the teamRead more


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