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MMC to buy JLT for £4.9bn

Marsh & McLennan Companies (MMC) has struck a deal to buy Jardine Lloyd Thompson Group (JLT) for an enterprise value of £4.9bn ($6.4bn).

AIR puts Florence losses in $1.7bn-$4.6bn range

AIR Worldwide has kept insured losses from Hurricane Florence losses in line with previous estimates, with a suggested range of $1.7bn to $4.6bn, excluding ongoing flood losses.

Ascot Fac’s Cline to head Ethos Specialty

Former president of Ascot Fac Rory Cline had been promoted to president and CEO of Ascot-owned delegated authority platform Ethos Specialty Insurance Services.

RMS puts Jebi loss at $3bn-$5.5bn

Modelling firm RMS has estimated that insured losses from Typhoon Jebi, which made landfall in Japan on 4 September, will be between 340bn and 620bn Japanese yen ($3bn-$5.5bn).

Canopius trade credit head departs ahead of reshuffle
KCC pegs Florence losses at $2.5bn
Hiscox management liability head departs
Market on watch for storm surge as Florence lashes Carolinas
One million evacuated as Florence threatens $15bn loss
Kessler: no crisis here

Taking fac from 0-60mph in 3 seconds

Blockchain offers a real opportunity to significantly reduce paperwork, while also delivering improved auditability, argues Darren Wray, CEO of Fifth Step

ANALYSIS: Buying strategies

What really drives reinsurance purchasing is a question the fac market would love to answer, so we are grateful to Willis Towers Watson for providing some background. Inside FAC takes a look

Fac market can make the most of the digital technology revolution

With digital technology playing an increasingly bigger role in both business and personal life, the facultative reinsurance sector has the ability to seize opportunities both internal and external

100 not out: Celebrating 10 years of Inside FAC

Inside FAC has reached the big one with 100 issues, and we are genuinely delighted to celebrate 10 years of service as the only dedicated publication for the global facultative marketplace

Taking fac from 0-60mph in 3 seconds

ITALY: Racy or reputable?

Broker facilities, new coverholders, centralised buying and consolidation of cedants have altered Italy’s facultative market, still feared in London for med-mal horror stories

ECUADOR: Condor country

From Galapagos to the Amazon jungle, Ecuador is famed for its ‘megadiversity’ of endemic species. And while its insurance sector remains marine-heavy, fac opportunities look equally diverse

Although often overshadowed as a (re)insurance market by its European neighbours, the Nordic region nonetheless continues to offer opportunities for the fac market – though conditions remain tough, as Inside FAC discovers