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Reinsurance

Sagicor revenue climbs to $1.2bn

The Sagicor Group of Companies reported total revenue for the year climbed to $1.2bn (£781m) from $1.1bn for the previous year. Premium revenue, net of reinsurance, grew by $130.9m or 18.4% to reach $842.9m.

US mine owners had no BI cover

Massey-Energy, the company in charge of a West Virginia mine where 25 people were killed after an explosion earlier this week is understood to not have had business interruption insurance.

US facing active hurricane season

This year's US hurricane season will be above-average, forecasters at Colorado State University have said. According to the forecasts, there will be 11-16 named storms, 6-8 hurricanes and 3-5 major hurricanes with sustained winds of 111 mph or greater.

Amlin to sponsor Essex Cricket Club

Amlin today announced it has entered into an initial three-year partnership with Essex Cricket to support the growth and development of first class cricket within the county.

Quake hits Indonesia

An earthquake has struck off the coast of Indonesia, news reports have said, however so far no significant damage has been reporter.

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