News
California Wildfires - Californian wildfires to cost up to $1.7bn
The wildfires that ravaged southern California in October could cost insurers more than $1.7bn, maki...
Facilities Challenge - Connecticut AG accuses Guy Carp facilities of price fixing
Connecticut attorney general (AG) Richard Blumenthal has launched a lawsuit against Guy Carpenter, a...
US terror cover - US Senate votes in favour of TRIA extension
The US Senate has voted in favour of pushing ahead with a seven-year extension of the federal govern...
Robert Sinclair joins Guy Carpenter
Robert Sinclair has been appointed senior vice president of GCFac, Guy Carpenter's facultative reins...
Lloyd's broker extends Scandinavian coverage
Lloyd's broker Alwen Hough Johnson (AHJ), UK, has bought a 60% stake in Scandinavian (re)insurance b...
Markel reveals Stockholm expansion plans
Markel International has announced its plans to open for business in Sweden in its first move into t...
US expansion - Munich Re homes in on US insurance market
The world's largest reinsurance company, Munich Re, has expanded its US presence by agreeing to buy ...
Marsh sets up forensic accounting and claims practice
Marsh has established a forensic accounting and claims services (FACS) practice for the Middle East ...
RPC signs up reinsurance clients for contracts service
City law firm Reynolds Porter Chamberlain has signed up Glacier Re and Hiscox for its new ReWord int...
PWS four bailed again
Four executives of Lloyd's broker PWS who were arrested back in January 2007 have had their bail ext...
UK Insurers could save £1.4bn from plaques decision
Deloitte has estimated that the October ruling by the House of Lords on the asbestos-related conditi...
Typhoon Krosa losses swell to $600m says AIR
Typhoon Krosa caused up to $600m insured losses when it struck Taiwan and China in early October, ac...
Florida Cat Fund Reform - RAA backs Florida Cat Fund proposal
The Reinsurance Association of America (RAA) has backed a proposal by a senior government officer in...
Florida officials announce $4.5m insurance settlement
Insurance giant ACE has agreed to pay a $4.5m settlement to a US multi-state task force to resolve a...
London Market Reform Group appoints new head
Stephen Matanle, global placement leader at Marsh and chairman of the London Market Insurance Broker...
XL begins new CEO hunt
Brian M O'Hara, president and chief executive of XL, is to retire as president and chief executive i...
UK intellectual property insurance push
UK broking group Somerville Holdings has appointed of Sarah McCooey, former managing director of Llo...
1987 storm repeat would cost £7bn
The windstorm that hit southern England and northern France in October 1987 would cost insurers up t...
Independent Trial - Indie directors found guilty
Three former senior directors of Independent Insurance have been sent to prison after being found gu...
Guy Carp suit with defectors settled
Reinsurance broker Guy Carpenter has confirmed it has settled UK litigation pending against three fo...
Hiscox launches three-in-one terror cover
Hiscox has launched a three-in-one insurance policy to protect companies against the individual or c...
Flagstone wins Dubai approval
Dubai's financial services authority has granted Flagstone Re approval for its new subsidiary to ope...
Russian insurance market set to double by 2010 says Lloyd's report
The Russian insurance market is set to double in value to $41bn, between 2006 and 2010, according to...
$260m Japan quake risk shifts to capital markets
A $260m catastrophe bond, offering protection against a major earthquake in Tokyo, has been placed b...