Growth in the collateralised market will increase in 2015, with a heavy focus on sidecars, but catastrophe bond growth is likely to be flat.
Despite the wave of consolidation in the reinsurance industry at the moment, many believe that there remains a role for smaller, niche players, a survey by Intelligent Insurer has revealed.
The board of UK-based Towergate Insurance has agreed a financial restructuring deal, which will see senior secured creditors take over ownership of the group.
The temporary lapse of the Terrorism Risk Insurance Act (TRIA) highlighted the willingness of the private sector to assume some types of risk currently off limits.
All federal investments in and affecting floodplains must meet higher flood risk standards, according to an executive order signed by President Barack Obama.
The Cayman Islands has enacted regulations aimed at enhancing the Island's insurance statutory framework and providing more flexibility for insurers.
CNA Hardy has expanded its healthcare segment through Hardy, the company’s Lloyd’s platform.
The European Commission has approved Flood Re, the UK Government’s scheme to pool flood risk.
XL Group has appointed Rob Turner as lead consultant to establish its complex accounts capabilities in London.
Increased trading in the secondary insurance-linked securities (ILS) market will offer many benefits to the reinsurance industry, such as a more detailed view of appropriate pricing.