News
Swiss Re funding for GEIS purchase on track to go forward
Swiss Re has stated that it is on track to complete its external financing for the acquisition of GE...
AIG Q12006 income hit by charges
American International Group (AIG) has announced that its net income for the first three months of 2...
Validus goes for 75% Q/S with new sidecar
Class of 2005 start-up Validus Re has announced that it has done a two-year sidecar collateralised q...
Liberty Mutual hit by Spitzer lawsuit
New York Attorney General Eliot Spitzer has filed a lawsuit against Liberty Mutual, alleging that th...
Chanchu pounds coast of South China
Southern China is clearing up after Typhoon Chanchu swept along the coast. The typhoon came ashore ...
RMS hurricane model re-certified for Florida
Risk Management Solutions (RMS) has announced that the Florida Commission on Hurricane Loss Projecti...
Fitch says new catastrophe risk an-alysis ups capital needs by 5-15%
Insurers with catastrophe exposures are facing a possible 10% increase in their overall capital requ...
Cat bonds - you've never had it so good
Mark Geoghegan predicts that 2006 will be a high-water mark for this form of high finance
D&O rates continue to slide, as shown in Willis Index
Directors' and Officers' (D&O) liability insurance rates in the London market were largely unaffecte...
PXRE storm losses prompt lawsuits
A class action has been filed against PXRE alleging that the company misrepresented its losses from ...
Max Re faces Nasdaq de-listing due to finite probe
Max Re Capital has tentatively announced its results for the first quarter of 2006, stressing that t...
JLT expands into China insurance market
Jardine Lloyd Thompson (JLT) has commenced operations as an insurance and reinsurance broker across ...
US securities class action settlements rising
The number of securities class actions filed in the US against foreign companies in 2005 fell by 34%...
PXRE hangs on by slim thread as 65% of business lost
Reporting first-quarter results, Jeffrey Radke, president and chief executive of troubled Bermudian ...
Half of insurers ready for Solvency II
The majority of European insurers believe that Solvency II will improve their companies' risk- and c...
Hannover Re happy with Q1 performance
Hannover Re has expressed 'considerable satisfaction' with its start to the new financial year. "Wit...
Moody's gives Odyssey a stable outlook
Moody's Investors Service has revised its rating outlook for Odyssey Re Holdings, and its rated insu...
Market association formed by legal expenses insurers
The Legal Expenses Insurance Group has been established by a number of leading legal expenses insurers and intermediaries. In a statement today, the LEIG said it will "protect and advance the rights of claimants to justice and fair levels of compensation…
AMG acquires Sigma Claims Solutions
Loss adjuster Ashworth Mairs Group has acquired Sigma Claims Solutions, the company’s first purchase, seven months after a management-buy-out in October 2005.
IGI launches into London market
Insurer IGI has opened a London office with a team brought in from Ace Europe to target commercial property and combined package business.
Ford Fiesta tops league of insurance write-offs
Britain's most frequently written-off car by motor insurers is a nine-year-old Ford Fiesta 1.3 Encore, in blue and registered in Birmingham.
Colemont aquires Latvian broking house
Colemont Global Group has strengthened its European presence with the acquisition of a Latvian insurance broker in Riga.
Crash repair players reach new milestone
The most important initiative in crash repair for the last decade has reached a key milestone this week with the first review of the standard by the cross industry Steering Group at the British Standards Institute headquarters in Chiswick.
Bolivian intervention highlights increased political risks
Businesses around the globe are continuously looking for their next lucrative investment opportunity but as the recent cases in Bolivia and Ecuador demonstrate, government intervention in the oil and energy sector can have serious implications for…