August 2007/2

Tolle commitment adds stability for potential buyers

Not even RenaissanceRe Holdings Ltd was immune to the late July/early August share sell-off, despite upping estimates for catastrophe reinsurance business after writing more premiums than expected in the first half of the year.

Worst hit by the dual impact of second quarter cat losses and the stock market slide was IPC Holdings, as it followed a July profits warning with confirmation of second...

UK broker says defections not an issue as it appoints corporate financier to advise on options

$500mn Emerson Re latest to roll off production line

The early signs are that Lloyd's capacity will be reduced next year as (re)insurers brace themselves for the softer market that appears to be on its way.

Guy Carpenter chairman to join Aon; Integro CEO sues MMC over departure; Evans to joins White Mountains Re; Marsh set to take fees from insurers; Flood exclusions stand after Katrina decision...

UK (re)insurer Aviva reported heavy losses of £235mn for the UK floods in June, dwarfing those of UK competitor Royal & Sun Alliance, who reported flood losses of £55mn for the second quarter.

French (re)insurance giant AXA reported strong first half results for 2007 on a comparable basis with 2006, boosted further by the successful integration of Winterthur.

After a drawn-out process, approval was finally granted for the transfer of the motor books of syndicates 37 and 2037 from Lloyd's to Highway Insurance Company using the Part VII mechanism.

Our monthly column keeping check on US and EU legal and regulatory developments, in association with Sidley Austin LLP