Inside FAC
Global Aerospace leads $35mn Indonesian hull loss
10 May 2012
The Sukhoi Superjet plane crash in Indonesia yesterday (9 May) is set to cost hull insurers $34.6mn, sister title Inside FAC revealed earlier… Read more
Onshore energy market escapes with $486mn oil sands settlement
4 April 2012
The loss-struck onshore energy market has received a significant boon as the Alberta Horizon oil sands loss - widely regarded as the sector's single largest loss last year - settled for substantially less than expected… Read more
Offshore liability rates continue to climb
3 April 2012
Rates rises are continuing in the offshore liability market as oil and gas producers look to renew programmes in the run-up to the official start of the US windstorm season on 1 June, according to Lloyd & Partners… Read more
Hardy takes $25mn Sony hit
26 March 2012
Hardy Underwriting, which last week confirmed a takeover deal with CNA Financial, is set to take a $25mn gross loss on one of the largest direct and facultative (D&F) losses to stem from last year's Thai flooding, sister title Inside FAC revealed last week… Read more
Read more articles from this issueAhmed Rajab takes new Aon Benfield MENA CEO role
12 March 2012
Reinsurance intermediary Aon Benfield has appointed Ahmed Rajab to the newly created role of CEO for the Middle East and North Africa (MENA) region… Read more
Read more articles from this issueLine-slip commission row provoked by Bolt bulletin
12 March 2012
Performance management director Tom Bolt has ruffled feathers at Lloyd's with his latest market circular on broker remunerations, sources have told The Insurance Insider… Read more
Read more articles from this issueQBE combines casualty and professional/financial lines under Harries
20 February 2012
Australian insurer QBE is to launch a new unit on 27 February, combining its Casualty International and Professional & Financial lines teams… Read more
Read more articles from this issueCatlin confirms D&F rate uptick
9 February 2012
Confirming the limited upsurge in rates last year, Catlin said international and US direct and facultative (D&F) property rates, written by its London and international offices, rose by 10 percent and 4 percent respectively in 2011… Read more
Read more articles from this issueUS nuclear mutual in $1.9bn battle
8 February 2012
The future direction of the US nuclear industry's mutual insurer, Nuclear Electric Insurance Limited (Neil), is unclear at the start of 2012 as the organisation faces possibly the largest claim in its 38-year history, sister title Inside FAC has reported… Read more
Read more articles from this issueTrade credit market set for $100mn+ Petroplus loss
8 February 2012
The $1.75bn insolvency and default of European oil refiner Petroplus Holdings in January is set to be a significant event for the trade credit market, The Insurance Insider has revealed… Read more
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