Reinsurance
Swiss Re staff defect to Ariel
Bermudian (re)insurer opens Swiss branch office after three senior Swiss Re staff move to group.
Hiscox first half profits up 30%
Lloyd's group's profits jump by 30%, helped by a huge jump in investment return.
Beazley in discussions about creating new syndicate
Beazley is in discussion with members of Lloyd's about creating a new special purpose syndicate.
Amlin's first half pretax profit rises 29%
Amlin's first half profit rises, helped by investment income doubling.
Nova Scotia and Massachusetts issue warnings for Hurricane Bill
Canadian and US States warn about incoming Hurricane Bill.
AIG wins National Workers Compensation Reinsurance Pool case
AIG has won dismissal of a lawsuit that sought to recover more than $1bn for the alleged underpayment after having been accused by rivals of shortchanging state workers' compensation pools for 35 years.
Hurricane Bill to hit Canada
Hurricane Bill is to hammer the coast of Canada on Sunday, the Canadian Media has said.
Hurricane Bill downgraded
Hurricane Bill has been downgraded to a Category 3 Hurricane but Bermuda may well be on Hurricane or Tropical Storm Watch by the end of the day.
Novae’s new reinsurance unit to operate from London and Zurich
Novae takes on 12-strong team of senior reinsurance professionals.
Novae launches reinsurance arm
Novae Re expected to write over £100m in GWP.
Bermuda likely to be affected by Hurricane Bill
Since Bill is a large system, Bermuda is likely to feel the effects of the storm even if it is not directly hit, according to catastrophe risk modeling firm AIR Worldwide.
Hurricane Bill upgraded to category 4
Hurricane Bill has been upgraded to a Category 4 strength hurricane, according to the US National Hurricane Centre.
Allianz granted licence in Qatar
Insurer to write Takaful insurance in QFCRA.
US federal debt poses risks to economy, says Buffett
Buffett applauds measures adopted by the Federal Reserve and officials from the Bush and Obama administrations, Buffett noted the US is fiscally in “uncharted territory.”
Hijackers of the Arctic Sea demanded ransom of $1.5m from insurer
The hijackers of the Arctic Sea, the freighter found this week by Russia’s navy after going missing shortly after passing through the English channel, demanded a ransom of $1.5m from the ship’s insurer.
Hurricane Bill predicted to miss Bermuda
Hurricane Bill is predicted to miss Bermuda.
Aon Benfield board member joins Towers Perrin
Derek Keating joins reinsurance broker.
Obama willing to compromise on health plan
The Obama administration gave its strongest signal yet on Sunday that it may be willing to compromise on plans to expand the government's direct role in health-insurance coverage as it fights a growing opposition.
Tropical storm Claudette hits Florida
The 2009 hurricane season heats up with three storms forming in just over a day.
Japan exits recession
Other economies coming out of recession include Germany, France and Hong Kong, and this may be another sign the global economic slowdown is easing.
Atlantic storms at a 1000-year high
Research from Pennsylvania State University suggests climate change could increase the frequency and severity of hurricane activity.
France and Germany out of recession
GDP rose a seasonally adjusted 0.3 percent for Q2 in both countries