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Reactions from the global insurance market

  • London puts brave face on LMG levy plan

    21 August 2015

    A proposed slip levy in the London market to raise £250m over five years may cause some acrimony amid tough competition and pricing pressure, but so far is seeing some support.

  • Claims, complaints clampdown in London

    21 August 2015

    Claims and complaints are under the regulatory spotlight at Lloyd's, with coverholders and third party service providers under particular pressure.

  • Tianjin port blast to cost insurers up to $1.5bn

    19 August 2015

    Analysis: Vehicle insurers are expected to suffer the biggest losses, while marine cargo, property, life, health and business interruption covers are all likely to pay out for the fireball which has destroyed much of Tianjin Port.

  • The waste industry is on fire

    04 August 2015

    A hard market has emerged for insuring the waste and recycling industry, due to high claims costs, fewer carriers and an increased focus by regulators on environmental risks.

  • Ace and Chubb tie the knot

    17 July 2015

    Ace’s surprise acquisition of Chubb in a deal worth $28.3bn will create one of the largest property and casualty insurance groups in the world with plenty of scope for the combined business to expand far further than its current reach.

  • Scor’s Newman charts London ILS hub

    16 July 2015

    The London Market Group and the UK Government are collaborating in an attempt to turn London into an international ILS hub, Malcolm Newman, Scor’s managing director in London and a London Market Group member, told Reactions

  • Life models: a matter of life and death

    16 July 2015

    What’s the worst that can happen? It’s becoming an increasingly important question for life companies and catastrophe risk specialists. Reactions takes a look at life risk and attempts to model it.

  • Lancashire alumni launch “unique” Fidelis

    17 July 2015

    Former Lancashire Insurance Holdings executives Richard Brindle and Neil McConachie have teamed up to launch a new specialty re/insurer – Fidelis Insurance Holdings.

  • Climate risk striking reinsurers now: Scor

    16 July 2015

    Underwriters are writing climate change risks they do not understand, and the effects are being felt already, not just in the long run, reports Vicky Beckett, from the Scor Foundation Seminar on Climate Risks in Paris.

  • The foreigners targeting Brazil’s corporate market

    16 July 2015

    International companies are taking the lead in Brazil’s commercial insurance sector while domestic rivals increasingly turn their focus towards the fast growing mass market. Rodrigo Amaral reports.

  • Looking for growth in Latin America

    16 July 2015

    Economic growth in Latin America may not be what it once was, but that has not stopped re/insurers and brokers from making inroads in the region, delegates at the Reactions and Euromoney Seminars Latin American Insurance and Reinsurance Forum were told.

  • Lawsuit casts light on Saudi 9/11 financing

    17 July 2015

    Several insurers that paid out losses emanating from the September 11 terrorist attacks have filed a lawsuit against Saudi Arabia alleging that elements within the Kingdom knew of and aided the orchestration of the atrocity, writes Sam Kerr.

  • Looking for Latam opportunities

    17 July 2015

    Reactions in partnership with Alesco got some leaders in the Latin American market around a table to find the most exciting re/insurance opportunities in the region.

  • Reactions Latin America Awards 2015

    17 July 2015

    Reactions welcomed some of the most senior re/insurance industry figures in Latin America to Miami’s prestigious Eden Roc resort at the end of May for the latest edition of the Latin America Awards.

  • Reactions London Market Conference

    16 July 2015

    Two star keynote speakers headlined the Reactions London Market Conference, sponsored by Sidley Austin, at the end of June: Stephen Catlin and David Howden; each of whom had clear and at times unpalatable messages for London’s re/insurance market.

  • Reactions London Market Awards 2015

    16 July 2015

    Germany’s comedy ambassador to the UK headlined a rocking party for the Reactions London Market Awards 2015, with sponsors Darag and BlackRock helping celebrate.

Read More >>

Latest News by Sector

North America

  • Baltimore rioting cost insurers $12.9m

    27 August 2015

    Claims arising from the civil unrest in Baltimore that erupted in the wake of Freddie Gray's death have cost insurers almost $13m so far.

  • FBI foils fake Lloyd's-backed cargo scam

    27 August 2015

    A Georgia-based man has been sentenced to four years in jail after a federal investigation found he sold fake cargo insurance to firms across the US.

Casualty/liability

  • Natural peril claims hit IAG's bottom line

    21 August 2015

    Insurance Australia Group's full year results have suffered owing to a major spike in natural peril claims although the business enjoyed premium increases across its business.

  • Airline rates continue downwards

    20 August 2015

    Premium volume and rates in the aviation insurance market have continued to fall owing to the surfeit of capacity at play within the sector.

Bermuda

  • Airline rates continue downwards

    20 August 2015

    Premium volume and rates in the aviation insurance market have continued to fall owing to the surfeit of capacity at play within the sector.

  • Beechwood Re appoints CFO

    20 August 2015

    Beechwood Re has named David Kaplon as its new chief financial officer, reporting into Mark Feuer.

Property-catastrophe

Europe

  • European re/insurers weather stock flux

    26 August 2015

    European reinsurers are well placed to weather the storm of a volatile Chinese market, AM Best believes.

  • Turkish catastrophe bond completed

    26 August 2015

    The latest iteration of the Bosphorus catastrophe bond series has been completed by the Turkish Insurance Catastrophe Pool, in conjunction with GC Securities and RMS.

Financial management

Lloyd's and London Market

  • FBI foils fake Lloyd's-backed cargo scam

    27 August 2015

    A Georgia-based man has been sentenced to four years in jail after a federal investigation found he sold fake cargo insurance to firms across the US.

  • Hacker who targeted Aviva gets 18 months

    26 August 2015

    A computer firm executive who hacked 900 phones belonging to Aviva insurance employees after leaving his job on bad terms has been imprisoned for 18 months.

Legal and regulation

  • Hacker who targeted Aviva gets 18 months

    26 August 2015

    A computer firm executive who hacked 900 phones belonging to Aviva insurance employees after leaving his job on bad terms has been imprisoned for 18 months.

  • Towers Watson shareholders sue

    24 August 2015

    June’s Willis Towers Watson $18bn broker merger has spawned class action litigation from a group of Towers Watson shareholders.

  

   
July / August 2015 
In this month's Reactions
 Richard Brindle's Fidelis
 Scor Climate Risk Paris
 Drones Take Flight
 London & Miami Awards



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  • Typhoon Goni (16W) 27 Aug 2015 - Typhoon Goni made landfall over the Kumamoto Prefecture on the Japanese island ...
  • Hurricane Ignacio (12E) 27 Aug 2015 - Ignacio, the twelfth named storm of the 2015 East Pacific hurricane season, ...
  • Tropical Storm Erika 27 Aug 2015 - Erika’s forecast track has shifted slightly to the east on its approach ...
For more catastrophe reports, data and news, click through to the RMS/Reactions Catastrophe Centre.