The latest ramification of Brexit for the London Market has become apparent after Markel announced it will establish a German insurance subsidiary.
QBE Europe is consolidating its two underwriting divisions into a single unit.
Berkshire Hathaway Specialty Insurance has hired the well-regarded Martin Leeks as head of casualty for BHSI UK and Southern Europe.
French and Taiwanese farmers have this week signed up to risk transfer solutions that embrace parametric triggers, in a further demonstration of the changing nature of cover for risks that are increasingly looking beyond the parameters of traditional facultative support.
London-listed Beazley has boosted its environmental liability insurance capabilities with the hire of two underwriters in the US.
Lloyd's players Beazley, Chaucer and Talbot have formed an Asia political risk consortium that offers increased capacity for a wide range of political and contract frustration risks from the Lloyd's Singapore hub.
American International Group has will agree to cede at least $150mn of reinsurance premium per year to Hamilton Re for the next six years, with this figure set to increase by 7 percent per year from 2018, as part Brian Dupperault's move to become its next CEO.
Facultative reinsurance has been the driving force of the Hong Kong (re)insurance market in recent years, accounting for 94.6 percent of premium accepted in 2015, according to a report out this week.
The Asian division of Tokio Marine Holdings reported a 50 percent drop in profits to 7.5bn yen for the financial year ended 31 March 2017, which the company said was partly attributable to large losses.
A reinsurance market characterised by "large volumes of under-deployed capital and sluggish demand from reinsurance buyers" means that reinsurance pricing is unlikely to change its course in 2017, according to the latest analysis by rating agency Fitch.