News
Texas politicians unanimously approve windstorm compromise
The Texas House unanimously approved a compromise on a windstorm insurance system overhaul Sunday night, the Houston Chronicle has reported.
Florida reinsurance renewals at 1/6 up by 15%, but still lower than expected
Florida reinsurance rates jumped by a lower-than-expected 15% at the June 1 renewals.
BIBA conference 2009: Post interviews insurer and broker movers and shakers
In the fourth part of a series of camera interviews conducted at this year's Biba conference in Manc...
Industry loss warranties pricing to plummet
Pricing for industry loss warranties (ILWs) is on the wane as insurers wait for the Atlantic hurrica...
Heritage director of underwriting quits in Argo shake-up
The board of Heritage Managing Agency, a member of Argo Group International Holdings, has confirmed ...
Equitas solution for Lloyd's Names
Equitas has confirmed plans for the final step toward achieving its objective of delivering finality...
Battle for IPC coming to an end
The battle for Bermudan reinsurer IPC between preferred bidder Max Capital and rival bidder Validus ...
The Hartford finds help
The US Treasury has given struggling US giant The Hartford permission to participate in the Treasury...
AIG confirms sale of Transatlantic Re shares
Transatlantic Re confirmed that AIG and its subsidiary - American Home Assurance Company - have deci...
Florida rates see hike on the horizon
Reinsurance prices in Florida at 1 June look set to be up around 15%, according to leading reinsuran...
President Obama in firing line over terrorism plan
US broker Aon slammed US president Barack Obama's proposals to scale back the Terrorism Risk Insuran...
Solar solution scheme launch
Munich Re, Marsh and photovoltaic producer Signet Solar have launched a new joint insurance solution...
Allstate refrains from US bailout programme
Allstate, the US insurance giant, has declared that it will not participate in the US government's b...
Swiss Re warns over Solvency II formula
Reinsurance giant Swiss Re, which has published a series of recommendations on dealing with the impe...
Recruitment moves
Mark Butterworth, managing director of Pembroke Managing Agency - the Ironshore-owned Lloyd's (re)in...
QBE Re takes on former XL big-hitters
New York-based QBE Reinsurance has recruited two former XL employees to its domestic treaty unit: Mi...
AIG: ongoing saga
American International Group's chairman and chief executive officer Edward Liddy has revealed his in...
Berkshire Hathaway sees $1.53bn loss
Berkshire Hathaway recorded a $1.53bn loss in the first quarter of this year - a huge swing from the...
California fire may cost over $130m
The Jesusita fire that raged through Santa Barbara, California may cost more than $130m according to...
Munich Re quarters fall 45%
German reinsurance giant Munich Re recorded a fall in first quarter profits by 45% to EUR420m ($588m...
Swiss Re exceeds forecasts
Swiss Re has beaten analysts' expectations for net income in the first quarter of the year. For the...
AM Best turns gloomy on Mapfre subsidiary
A.M. Best has revised the outlook to negative from stable and affirmed the financial strength rating of A+ (Superior) and issuer credit rating (ICR) of "aa-" of Mapfre Re, the reinsurance subsidiary of Spanish (re)insurance giant Mapfre (Spain)...
Tightening of the reinsurance market expected - MMC
A further tightening of the market is anticipated as the Florida property-catastrophe reinsurance renewal comes to a close at June 1, with rates expected to be slightly higher than the 13-to-14% increase experienced at April 1, a panel of experts from…
New York Insurance Dept chief to resign
Governor David A. Paterson has said that the Superintendent of the New York State Insurance Department, Eric R. Dinallo will resign his position and become the Henry Kaufman Visiting Professor of Finance at New York University's Stern School of Business.