What a month it's been, with the revelation of the UK Financial Conduct Authority's probe into five aviation brokers certainly getting tongues wagging.
After a start to 2017 characterised by larger-than-expected claims exposures and rating reductions of 5 percent on the rate-on-line for loss-free accounts, the noises from the fac market are that demand is as strong as it has been for years.
Direct and facultative (D&F) syndicate Channel 2015 managed to grow its property book by 25 percent in 2016, despite the departure of well-regarded property head David Leathem halfway through the year to establish a new underwriting platform at Towergate.
Lancashire reported an 8.3 percent rise in pre-tax profit during the first quarter as it increased its spending on reinsurance by 10.1 percent.
Attention is focusing on the extent of oil and gas producer Anadarko's property insurance programme following a deadly house explosion that occurred in Colorado on 17 April.
Insured losses from US thunderstorms in the first quarter of 2017 exceeded $5.7bn, an increase of almost 12 percent on the prior-year period, according to Impact Forecasting's Steve Bowen.
Carriers in the credit insurance market are assessing their exposure to a recent debt default in Mozambique, as the East African country conducts restructuring talks with its creditors.
Swiss Re reported that a pre-announced hit of $350mn from Cyclone Debbie contributed to a 45 percent fall in first quarter profits to $321mn.
Allianz has reported a 2.3 percentage point increase in its P&C combined ratio for the first quarter, driven by large loss and natural catastrophe claims.
Liberty Mutual Insurance slid to a first quarter underwriting loss after severe weather events helped drive down overall operating profit.
Ongoing difficulty in its casualty and financial lines divisions continued to drag on American International Group (AIG), as its core commercial insurance unit fell to an underwriting loss during the first quarter.
AIG Europe ran up a pre-tax loss of £171mn ($221mn) in the year to 30 November, as its combined ratio took on 13.6 percentage points to hit 111.8 percent after the division was hit by severe property losses.
Lower underwriting profits contributed to a 22 percent decline in first quarter operating profit at Alleghany to $112.5mn.
The Financial Conduct Authority (FCA) swooped on the offices of five aviation brokers in London simultaneously in the first week of April, seizing computers as part of a probe into the misuse of confidential client information, Inside FAC has learned.
The development of a robust standalone cyber (re)insurance market is crucial to "help eliminate silent exposures" and improve the resilience of the sector against future catastrophic cyber losses, according to a recent report by JLT.
Chubb has expanded its life science team in the UK and Ireland with the promotion of Stephen Barr, currently casualty underwriter in Scotland, to senior life science underwriter for Northern England and Scotland.
Increased capacity, further competition, falling rates and dwindling premium income continue to characterise the current state of the offshore energy market. Inside FAC asks whether we are any closer to a reversal of fortune
A recent report by JLT on theft and fraud risks in the mining industry suggests that cyber attacks such as social engineering are a growing threat to a sector already vulnerable to physical attack
Will the formation this year of a new state-backed reinsurer upset the facultative apple cart in Russia? Inside FAC takes another look at this dynamic, and sometimes unsettling, market
Hot desking. Whoever came up with that little cost-saving measure, masquerading as a workplace efficiency initiative, should be exiled to Siberia along with people who create bespoke telephone hold music and designers of office air conditioning (it never works properly).