Casualty/GL

Swiss Re said that its P&C treaty premium volume up for renewal in the mid-year season dropped by 10 percent, as it reported a weaker half-year underwriting result in its P&C reinsurance and specialty insurance corporate solutions unit.

Simon Burton, the new CEO of Greenlight Re, said the reinsurer is now looking to enter the subscription market, having focused traditionally on a small number of closed client relationships

Guy Carpenter has appointed Tom Hettinger to lead its capital, structured risk, growth and rating agency operations in the US and Canada.

Hudson Structured Capital Management and Twelve Capital were the lead investors in a $45.5mn debt issuance from legacy carrier Catalina General Insurance.

Hudson Structured Capital Management acted as a lead investor on a $45.5mn private debt arrangement for Catalina General Insurance, the investment manager announced.

Markel reported $9.4mn of fee income from third-party investors in Markel Catco funds during the first quarter, up from $7.2mn in the same period a year earlier, reflecting growth in underlying assets.

Insured losses from storms and flooding that hit the US over the past week are expected to reach into the hundreds of millions of dollars, according to a report from Impact Forecasting.

Casualty reinsurers operating in the US started to push back against historically broad soft-market terms at the January renewals, with most placements renewing flat, sister publication The Insurance Insider reported.

Long-tail lines of reinsurance business such as casualty and legacy risk can be adapted to the ILS market, a panel of speakers suggested at the 2016 Bermuda Reinsurance Conference hosted by Standard & Poor's and PWC this week (8 November).

Casualty risk offers an opportunity for the ILS industry to expand beyond catastrophe business, according to Willis Capital Markets & Advisory's head of ILS Bill Dubinsky

Axis reported $8.1mn of fee income from "strategic capital providers" in the third quarter, up fourfold from $2.1mn a year earlier after it established casualty underwriting vehicle Harrington Re with Blackstone.

AIG has recruited former Chubb reinsurance buyer Mark James in a senior ceded risk role, sister publication The Insurance Insider reported