News

News

Markel to underwrite US trade credit lines

Markel American Insurance Company and Markel Insurance Company will begin underwriting trade credit insurance in their New York office in July 2014, the company has announced.   27 June 2014

News

Geographical hubs 'irrelevant' to innovation

While global insurance hubs such as London (including the Lloyd’s market) and Bermuda remain at the forefront of industry innovation, times are changing and the location of people’s desks is less important than it once was.   26 June 2014

ILS

Does failure of Munich Re bond suggest a turn in ILS market?

Munich Re has been obliged to withdraw its Queen Street X Re cat bond following a lack of investor demand at the pricing set by the re/insurer.   26 June 2014

News

ABIR: Global capital standard plans are misguided

Plans by the IAIS prompted by the Financial Stability Board to develop a global insurance capital standard could be misguided and risk creating a costly and potentially contradictory level of regulation for the insurance industry.   26 June 2014

News

Trans Re increases Pillar ownership stake

Transatlantic Holdings (TransRe) and the executive management of Bermuda-based insurance asset manager Pillar Capital Holdings have increased their ownership position in Pillar to 50 percent each.   26 June 2014

News

XL launches cyber liability offering for Brazilian tech firms

XL Group announced the launch of a new cyber liability insurance product in Brazil which includes professional indemnity coverage for technology firms operating in the country.   26 June 2014

News

Guy Carp: hurricane season may throw up surprises

Despite suggestions that the US hurricane season will be quitter than normal, Guy Carpenter has released a new report cautioning against assumptions and a lack of preparedness.   25 June 2014

News

Super-tall building create dizzying challenge for insurers

With a kilometre-high building planned in Jeddah, Saudi Arabia, insurers will have to grapple with the increasing complexities of providing coverage for the construction and property risks of super-tall structures.   25 June 2014

News

Sigma: non-life market growth slowed

A report by Swiss Re’s sigma group has found that non-life growth slowed in 2014, down from 2.7 percent in 2013, to 2.3 percent in 2014.   25 June 2014

News

ABIR: corporates may develop their own sidecars

Brad Kading, president and executive director of ABIR, believes that corporates may follow the industry’s lead in developing sidecars backed by third party capital.   24 June 2014

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