United States of America (USA)
Piracy and Iran sanctions among challenges for marine insurers in 2010
Increased ransoms demanded by pirates and UN/US sanctions imposed on Iran were two potential areas for concern highlighted at a meeting of the International Union of Marine Insurance (IUMI) body on Tuesday.
Partner Re 'pleased' with 1/1 renewals
PartnerRe, the Bermudian (re)insurer, said that it is 'pleased' with the performance of its treaty books during the Jan 1 renewals.
California mudslide could cost nearly $5bn
The mudslide that is threatening homes in Southern California could cost homeowners nearly $5bn, First American Core Logic has said.
Travelers in fourth quarter profits leap
Travelers has reported a significant rise in net income and earnings per share for the fourth quarter of 2009
Don't expect Berkshire Hathaway and Munich Re to merge says Wall Street
Berkshire Hathaway's announcement that they had upped their shareholding in Munich Re won't lead to a takeover of the German reinsurance giant, analysts have said.
US authorities are set to investigate the AIG bail-out
The US bail-out watchdog is to investigate AIG's rescue, the BBC has reported.
UK officially exits recession
The UK economy has exited recession, after figures from the Office of National Statistics showed the economy had grown by a 0.1% in the last quarter of 2009.
RLI net earnings rise 19%
RLI, the US specialty insurer, said its full-year earnings jumped 19% to $93.8m from $78.6m this time last year.
White Mountains acquires run-off insurer
White Mountains Re, a subsidiary of Bermudian insurance group White Mountains, has acquired run-off insurer Central National Insurance Company of Omaha from Drum Financial Corporation for around $5m, the company said in a statement...
Former Liberty CFO takes up new role
Nicole Loone, former CFO at Liberty Syndicates, has taken up a new role at Navigators.
Marsh appoints Americas energy boss
Marsh has appointed Andrew Herring as leader for the Americas of its wholesale energy practice
Validus in $250m bond sale
Bermudian (re)insurer sells $250m of senior debt
Storms hammer Los Angeles
Southern California has been hit by a stream of storms, Reuters reports.
Willis North America appoints chief placement officer
Alastair Swift to relocate from London to New York for new role.
US earthquake model launched
RMS launches a US earthquake model
Obama health care reforms in danger
Barack Obama's healthcare reforms are in danger after Republican senator Scott Brown stunningly won a Massachusetts primary.
Gen Re in AIG probe settlement
Gen Re will settle a US governmental investigation into its dealings with AIG, Bloomberg has said.
Max Capital keen for merger partner
Bermudian reinsurer says "enhanced scale" is desirable in letter to shareholders
Endurance makes internal promotion
Kimberley Morgan promoted to practice leader for Bermuda healthcare practice
RLI expanding into crop reinsurance
RLI expands into crop reinsurance with a quota share agreement
Chartis grabs chief risk officer from Validus
Former AIG P&C business adds Samir Shah from Bermudian rival
Swiss Re closes retro transaction with Berkshire Hathaway
Swiss Re transfers risk from closed block of US individual life reinsurance business to Berkshire Hathaway in order to redeploy capital at more attractive returns
US P&C industry finding it hard to attract new talent - McKinsey
The US property & casualty industry is having troubles attracting new talent, McKinsey says.
Villers gets Aspen Insurance CEO job
Aspen has reshuffled its management, with Rupert Villers getting top job at Aspen Insurance