April 2010/3

Ramani Ayer, the former chief executive of Hartford Financial, will receive a $39.9mn lump sum pension payout in May, according to regulatory disclosures.

American International Group (AIG) shareholders are likely to receive nothing after the restructuring of the company is complete, according to US hedge fund heavyweight Steve Eisman.

The European Union body charged with finalising the terms of Solvency II has confirmed that the solvency requirements in its next quantitative impact study (QIS5) will be even more demanding.

Lloyd's (re)insurer Beazley Group has announced that it will change its reporting currency from sterling to US dollars from 2010.

Soft market conditions are persisting in the US market, with the latest data from the MarketScout insurance exchange showing composite rates for property and casualty coverage down four percent for March 2010.

William Gray's team at Colorado State University confirmed its December long-range forecast of an above-average year for hurricane activity in the Atlantic basin.

The Perils industry loss collation service has completed its first live cat loss estimate, putting losses from Windstorm Xynthia at EUR1.28bn.

In what is traditionally a busy quarter for industry loss warranties (ILWs) between $3bn and $3.5bn of contracts were traded in the first three months of 2010, The Insurance Insider's sister publication Trading Risk revealed last week.

US insurers Liberty Mutual and USAA will issue catastrophe bonds in Q2, sister publication Trading Risk predicted last week.

Lloyd's insurer Marketform has reported a £90mn loss for 2009, on the back of a sharp deterioration in the claims record of its Italian public hospital medical malpractice (med mal) book.

Amlin, Hiscox and Hardy have come out as the top performers at Lloyd's in Shore Capital's annual post-results note on the market's listed insurers.

The Pennsylvania Department of Insurance has lost its lawsuit against Kingsway Financial Services (KFSI), with judges finding that the firm did not technically violate the law when it disposed of the Lincoln General Insurance unit by donating it to charities.