I've been writing about the (re)insurance market for some 20 years now (I know!), and a perennial question in the sector concerns the right price for the product. Actuaries may like to think they have a fairly rigorously scientific approach to pricing, but I'm not so sure.
Although a settled assessment of (re)insured losses is still some way off, it is now widely accepted that the recent Alberta wildfires will be the largest natural catastrophe in Canadian history.
The increasing sophistication of predictive analytics will help to increase demand for facultative reinsurance products, according to participants at this year's Inside FAC New York Roundtable.
US broker Lockton has insisted its UK managing general agent Mapledown is in "growth mode" despite falling turnover and a series of losses in recent years.
Belgian banking and insurance group Ethias is unlikely to face significant claims as a result of the train collision in the municipality of Saint-Georges-sur-Meuse, Inside FAC understands.
French insurance trade body L'Association française de l'assurance (AFA) has estimated that insured losses from the recent floods in the country could cost between EUR900mn and EUR1.4bn ($1.02bn-$1.6bn).
Continuing difficulties at the Kwame Nkrumah floating production, storage and offloading (FPSO) vessel on the Jubilee field off the coast of Ghana have the potential to trigger some $1.7bn of business interruption (BI) covers.
IAG will take net losses of A$60mn-A$80mn ($45mn-$60mn) from storms that struck Australia's east coast at the start of the month.
Aon Benfield has promoted its Chilean facultative head Martin Soto Quintus to CEO of its Chile unit, effective immediately.
Some 61 percent of London-based insurance professionals have said they have had a "loss of faith" in the EU ahead of the 23 June UK referendum, according to a poll by Moore Stephens.
Long-serving Miller CEO Graham Clarke will relinquish the role in 2017 and step up to become chairman of the broker.
Munich Re has revealed that it plans to invest EUR1bn into its insurance subsidiary Ergo as it slashes 1,800 jobs amid a massive overhaul of the business.
The fragile aviation war market is facing the prospect of another significant claim following the tragic loss of EgyptAir's flight MS804 on 19 May.
The Indian Nuclear Insurance Pool, which launched last June, is set to offer a separate product to cover the risks of supplier liability.
The Alberta wildfire event is set to be the largest cat loss in Canada's history, but the market is used to absorbing major losses without blinking
The London insurance market seems broadly in favour of the UK remaining inside the EU, but should the vote go the other way does the fac market have anything to fear?
Intense competition and a steady growth in exposure from small companies typifies the technology E&O market, as Inside FAC discovers
Aspen Insurance has appointed Erik Armellino as international head of onshore energy and construction. He will report to Ann Haugh, president of international insurance and chief operating officer of Aspen Insurance. Armellino joins from Advent Underwriting, where he was head of underwriting performance and property direct and facultative.
Oh, how the nature of transacting business changes in our fine and febrile market.