Latest News
Global Aerospace leads $52mn hull loss
10 May 2013
London-headquartered aviation pool Global Aerospace is the lead underwriter on the JLT-placed programme purchased by Indonesian airline Lion Air, which suffered the total loss of a Boeing 737-800 on 13 April… Read more
Modest Texas Fertilizer programmes revealed
10 May 2013
The extent of the relatively modest direct exposures of the commercial insurance market following the explosion at the West Fertilizer plant in West, Texas last month have now surfaced… Read more
Aegis leads $75mn Bowen plant loss
10 May 2013
US energy mutual insurer Associated Electric and Gas Insurance Services Limited (Aegis) is understood to the largest participant on the primary placement for the most significant power loss so far this year, Inside FAC can reveal… Read more
Mining market eyes Rio Tinto renewal
10 May 2013
2013 could be a pivotal year for the mining underwriting market following Rio Tinto's massive $1bn potential loss at its Bingham Canyon mine, Inside FAC understands… Read more
AIG and Berkshire vie for D&F heartland
10 May 2013
While insurance giant American International Group (AIG) appears to have recovered its mojo, with a good set of first quarter results and a push to increase its share of London market placements, rival Berkshire Hathaway is continuing with its own bid for a larger chunk of similar territory in the US… Read more
Capacity influx expected to continue
10 May 2013
Brokers and underwriters in the direct and facultative arena are expecting yet more capacity to enter their class this year, according to the findings of the latest exclusive Inside FAC Market Survey (see pages 9-12)… Read more
Demand drops off in GoM
10 May 2013
Surprise move comes despite market turnOffshore underwriters currently negotiating key Gulf of Mexico (GoM) renewals in the run-up to the official 1 June start of the US wind season are witnessing a significant fall in demand, with several major buyers walking away, Inside FAC can reveal. … Read more
Wood to lead Aon Benfield Construction team
8 May 2013
Aon Benfield has launched a specialist construction and engineering team which will draw capabilities from across its facultative and treaty divisions… Read more
Perils extends market coverage to Italian exposures
7 May 2013
Catastrophe exposure and loss collator Perils has expanded its coverage of the European market to include data for Italian earthquake and flood perils… Read more
Mapfre ups reinsurance premium by 19% in Q1
3 May 2013
Spanish (re)insurer Mapfre has increased its premium income from reinsurance business by 18.6 percent for the first quarter of 2013, to EUR875.4mn, compared with the same period last year… Read more
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