Plenty of food for thought from the redoubtable Hannover Re CEO Ulrich Wallin this week, speaking at the Insider London conference.
The continuing global depression in commodity prices and concurrent economic uncertainty is giving rise to a spate of increased claims that are causing genuine anxiety in key specialty markets, Inside FAC understands.
The Long Island Power Authority (LIPA) has reached an $80mn settlement with its property insurers over damage sustained during Superstorm Sandy.
The under pressure US directors' and officers' (D&O) insurance market is set to take a $150mn hit from pharmaceutical giant Merck's recent settlement with plaintiffs in New Jersey as part of the complex Vioxx litigation.
Despite a year which by all accounts delivered another relatively benign catastrophe experience for direct and facultative players, the recent flurry of Q4 results statements revealed that the period was impacted by a variegated patchwork of man-made losses.
The spectre of medical malpractice losses has returned, this time at Allied World, where operating earnings fell by more than 70 percent to $43mn in the fourth quarter after adverse development in the healthcare division hit its bottom line.
Catastrophe loss compilation agency Perils has released an initial loss estimate of £526mn ($765mn) for the floods resulting from UK storms Eva and Frank in December last year.
With carriers under pressure from Chinese regulators to settle claims resulting from last August's Tianjin port explosion, the latest insured loss estimate suggests total claims could be in the region of $5bn-$6bn.
Despite predictions of a multi-billion-dollar economic impact from the blizzards and flooding that hit the US East Coast in late January there has been little sign of major insured losses, Inside FAC has learned.
Canadian rock band Nickelback filed a suit in January against a number of Lloyd's and London market insurers for non-payment of a claim on the band's $13mn contingency cover, following cancellation of around 60 dates on its 2015 tour.
Ark Syndicate Management and Asta-managed Special Purpose Syndicate (SPS) 6126 are to take on the bulk of Ironshore's London-based property direct and facultative (D&F) team following a series of resignations from the Bermudian insurer, Inside FAC can reveal.
London-listed carrier Beazley is looking to develop a suite of new products in collaboration with Korean Re.
Cobalt Underwriting has launched a new political violence product backed by Chaucer in what it claims is a market first.
The Faber brand, which was revived by Willis in 2008 to service its wholesale - and subsequently Willis Re and facultative - clients, is being discreetly dropped, Inside FAC has learned.
Aon Benfield has appointed Andrew Laing as CEO of Aon Benfield Fac, a role which has apparently been vacant since Paul Summers resigned last June, Inside FAC can reveal.
Canopius has been rebranded as Sompo Canopius two years after the Lloyd's insurer was acquired by Japanese big three carrier NKSJ.
Scott Beall, chief underwriting officer - casualty fac, Ascot Fac
AIG's surprise $3.6bn reserve charge announcement and insistence it will rely more on reinsurance provide serious fac food for thought, as Inside FAC discovers
With relatively little ceded business feeding through to the international D&F market, it seems that to be 'in China', you really have to be in China, finds Inside FAC
While the traditional US auto liability market is battling with increasing claims frequency and severity, the nation's main telematics provider is telling a different story
It's Latin fever once more as Willis (now Willis Towers Watson) reiterated its interest in the region with the appointment of Tony Matta as CEO of facultative reinsurance for the Central America and Caribbean region, based in Miami.
A sombre note this month as we mourn the loss of veteran Lloyd's property underwriter Brian Caudle, who passed away on 1 January at the age of 80.