Reinsurance
News analysis: Will the Deepwater Horizon oil rig losses dent reinsurer capital?
With Swiss Re estimating insured losses of up to $3.5bn, the Deepwater Horizon oil rig disaster could become the largest loss the energy market has witnessed since the Piper Alpha explosion in 1988. Katherine Blackler investigates.
Results: Rollercoaster results characterise Q1 2010
As first-quarter results emerged around the globe in May, we have seen some clear winners and losers with many suffering from heavy catastrophe losses, writes Katherine Blackler.
Generali named as suitor for AIA
Generali may be interested in buying the AIG Asian unit, according to Italian newspaper reports.
QBE moves to placate shareholder concerns over claims exposure
QBE has moved to distance itself from market rumours about its exposure to the Gulf of Mexico oil rig disaster and UK motor liability claims.
Endurance CEO announces retirement
Endurance global chief executive of insurance operations Michael Fujii has retired from his post.
Pru AIA bid collapse to cost insurer £450m
Prudential has said the collapse of its $35.5bn takeover of AIG’s Asian unit will cost it about £450m ($660m).
Fitch: latest Solvency II proposals expected to increase capital requirements
Fitch Ratings says that the latest QIS5 Solvency II regulatory capital proposals may increase capital requirements for European insurers compared to earlier proposals, depending on insurers' specific characteristics.
First named storm of 2010 Pacific hurricane season hits central America
Agatha, the first named storm of the 2010 East Pacific hurricane season was declared on Saturday, located just off the Guatemala coast before making landfall as a tropical storm along the border of Mexico and Guatemala at 22:40 UTC on Saturday.
Cologne Re changes name to General Re
Reinsurer changes name of German company to join the rest of the business that has operating under the Gen Re name since 2003.
Reinsurance rates decline at June Florida renewals
According to a report by reinsurance broker Guy Carpenter, Florida renewal rates have declined by 10-12% at renewal.
IAG pumps $365m into UK reserves after claims deterioration
IAG has ploughed $365m (£207m) into its UK claims reserves following a “significant deterioration” in UK claims experience.
Energy - Deepwater Horizon impact: In deep water?
Stephanie Denton reports on the fallout for the energy market from the recent Deepwater Horizon drilling platform explosion.
SCM talks set for full purchase of Axis
SCM Insurance Services will enter discussions with Axis Claims Pro to consider the purchase of its international arm "within a month".
BMS sets growth strategy of doubling in size by 2015
London market broker BMS is set to make a number of acquisitions and team hires as part of plans to double its business by 2015.
US giant Gallaghers unveils second UK swoop in months
US broking giant Arthur J Gallagher has announced the acquisition of London-based Risk & Reward Group. Terms of the transaction were not disclosed.
Aon Benfield: Reinsurance capital reaches record rates
Reinsurer capital rose to record $434bn (£295bn) despite the Chilean earthquake and European windstorm Xynthia, the Aon Benfield Renewals Update report has revealed.
Aspen recruits ex-AIG manager to head new operattion
Aspen Insurance Holdings has appointed Heinz Eggenberger as general manager of Aspen’s new Switzerland based-general insurance business.
Aspen recruits ex-AIG manager to head new operattion
Aspen Insurance Holdings has appointed Heinz Eggenberger as general manager of Aspen’s new Switzerland based-general insurance business.
BMS revenues rise 10% in 2009
Reinsurance broker BMS has reported an underlying profit of £9.2m in 2009.
Prudential confirms talks to renegotiate AIA deal
Prudential said it was trying to negotiate a cut in the $35.5bn it has agreed to pay for AIG's Asian unit, AIA, amid fears its shareholders might block the deal as too expensive.
US government predicts up to 23 Atlantic storms
National Oceanic and Atmospheric Administration (NOAA) predicts “one of the most active [hurricane] seasons on record.”
AIR: Deepwater spill could affect hurricane season
A report from the modeling firm says that effects of the spill on hurricane season are likely to be minimal but there is a chance the oil could act to prevent or encourage hurricane formation.
Swiss Re successfully places $150m natural catastrophe risk for Allianz
Swiss Re Capital Markets has structured and placed $150m of insurance linked securities issued by Blue Fin covering US hurricane and earthquake risk.
Liberty Mutual and General Re settle dispute
Liberty Mutual has resolved a dispute in which it accused the General Re, the reinsurance unit of Berkshire Hathaway of fraud, according to a court filing.