Here in EC3 the balmy month of August has come to an end and the clouds are once more in the air. But no matter, for in little over a week we and much of the rest of the market will be decamping to the splendour and sleaze of the Cote D'Azur for the Monte Carlo Rendez-Vous.
Losses in the niche space and closely related markets could approach $1bn within the past 18 months following the pre-launch explosion of the Space Exploration Technologies (SpaceX)'s Falcon 9 Rocket, according to analysis by Inside FAC.
(Re)insurers are not expected to sustain substantive losses as a result of Hurricane Hermine, the first hurricane to hit the state of Florida in more than a decade, with commercial and industrial losses in particular not thought to be meaningful.
Direct and facultative (D&F) writers are expected to have only limited exposure to the recent Italian earthquake due to the relatively low number of commercial and industrial facilities in the affected region.
A drilling rig owned by oil and gas contractor Transocean that ran aground off the coast of Scotland on 8 August could prove to be a total loss of $110mn, Inside FAC understands.
XL Catlin is building up its offering in the accident and health (A&H) space, after hiring Patrick Corbett from AIG in May as global chief underwriting officer (CUO), insurance, for retail A&H.
PartnerRe's head of direct and facultative (D&F) business Dom Tobey is set to leave the company following a broader management restructure.
Scor-backed Channel Syndicate 2015 at Lloyd's has made a number of internal promotions following the departure of its founding property direct and facultative (D&F) head and market stalwart David Leathem.
Argo Group's Lloyd's insurer ArgoGlobal is likely to discontinue its aviation book following the departure of its head of aerospace Richard Bayman.
US railroad operator Amtrak has won a partial victory against insurers in a dispute over claims related to Superstorm Sandy in 2012.
While the chances of another A&H-themed LMX spiral are remote, the sector is seemingly bent on self-destruction once again as underwriting becomes ever-more suicidal, finds Inside FAC
The continuing difficulties in losses and pricing highlighted in a recent report begs the question of how much further the primary US standalone cyber market needs to be pushed before it turns substantively to facultative reinsurance for support in smoothing volatility.
Italy's latest devastating earthquake is expected to reignite discussions surrounding the urgent need for a natural catastrophe scheme and compulsory catastrophe insurance, as Inside FAC discovers
Alistair Rivers, Willis Towers Watson's head of P&C in Great Britain, is set to join Lockton to lead its global transportation business.
Well, well, it seems that Ajit Jain hasn't wasted much time in making his feelings felt given the forthcoming retirement of respected Gen Re CEO Tad Montross.