Now I appreciate that in writing this I am sorely tempting fate, because as I type away Hurricane Matthew is still barrelling up the Florida coastline...BUT I suspect that the worst fears of the market will be unfounded once the storm dissipates, given that its track moved eastwards, meaning the coastline was spared the worst ravages of its Category 3 central intensity.
After a frenetic 2015 for M&A, it seemed that 2016 was likely to provide some breathing space for a market that has seen extensive consolidation on the underwriting side.
Participants at this year's Inside FAC Roundtable at the Monte Carlo Rendez-Vous were united in voicing concerns that the market's relatively high cost of distribution is coming under intense scrutiny by senior management.
As Inside FAC went to press it appeared increasingly likely that the ultimate track of Hurricane Matthew, which had veered eastwards, would generate insured losses in the $5bn-$10bn range.
The cost of property damage to New Jersey's Hoboken rail terminal could be in the region of $50mn-$100mn, London and US-based direct and facultative specialists have told Inside FAC.
The aviation market is on watch for further losses from Typhoon Meranti, which swept through Taiwan and Eastern China last month, according to the latest analysis by JLT.
Tullow Oil, the operator of the damaged Kwame Nkrumah floating production, storage and offloading (FPSO) vessel, has confirmed its insurers have accepted business interruption (BI) claims as recoverable.
Catastrophe loss compilation agency Perils has released an initial insured loss estimate of EUR34mn ($38.2mn) for the Amatrice earthquake that hit the Umbria region of Italy in late August.
The slide in pricing for upstream energy risks could come to an abrupt end in 2017 if large losses affect carriers' 2016 fourth quarter results, according to JLT Specialty.
The impact of the series of major losses in the first half of the year meant that Lloyd's combined ratio for the period edged past that of its competitor group weighted average for the first time since 2011.
Marsh has been appointed as the facultative reinsurance broker for Danish export credit agency EKF.
With Lloyd's looking to become fully operational in Malaysia next year, the prospects appear bright for the fac market... just don't mention rating, as Inside FAC finds out
Paul Summers, head of international fac, Guy Carpenter
A majority of reinsurance executives in the Middle East and North Africa (Mena) region expect rates in the market to rise within the next 12 months, according to the Qatar Financial Centre (QFC).
Qatar Re has received formal approval from the Monetary Authority of Singapore to operate a branch office in the city-state.
Berkshire Hathaway Specialty Insurance (BHSI) has received a licence to provide (re)insurance in Macau.
With 2016 losses to date fast approaching $1bn, there can be little doubt that this is going to be an especially painful year for the power (re)insurance market. Inside FAC feels the pain...
Markel Corp's specialist (re)insurance division, Markel International, has hired Mike Wimbridge from Brit as senior yacht underwriter in the hull and war team, which is housed within Markel's marine, energy and property division.
While many (re)insurance execs dream of retiring to the British countryside, or further afield, to lord it over unwitting peasants, few get to live the dream.