The increased volatility of Solvency ratios under the new Solvency II guidelines may reduce investor appetite and increase the cost of capital for insurers, according to Moody’s
RSA is on the hull cover for The Jolly Nero, the Messina Line ship that crashed into a port tower in Genoa, Italy last month, Insurance Insight can reveal.
The London P&I Club’s result for the 2012/2013 financial year was a surplus across all classes of $9.4m, increasing the free reserve to $154m.
The devastating tornado which struck the Oklahoma suburb of Moore on Monday (22 May) in the US has damaged property to a total replacement value of $6bn within a two mile radius of the storm’s path.
Aegon’s acquisition of Santander’s Spanish insurance business is expected to close in the second quarter of 2013, a spokesman confirmed to Insurance Insight.