Company Example A

Swiss-based ILS fund manager Clariden Leu hopes structurers will adopt its groundbreaking work on the private cat bond market, opening up a less formal route to create liquid reinsurance investments.

Specialty US insurer Assurant has released details of its $1.3bn reinsurance programme for property catastrophe cover, which it placed with more than 40 reinsurers at the 1 January and 1 June renewals this year.

Transocean blames BP; Lancashire gets A marks; Hooper confirmed as Cooper Gay CEO; Elite turns back on UK solicitors' PI ; Maiden in $100mn debt re-fi; Claims servicers hook-up; Sciemus enters orbit of launch insurance sector; Cable warns against investor ‘short-termism'; Montpelier in $250mn credit deal; Canopius UK retail refit; Surety thing for Travelers in Brazil; Stakeholders land at Eiopa group; R&Q boosts Booth; Tysers hires PI;  Aspen lures Allied SVP for UK PI; R

The toxic issue of referral fees, described yesterday by a former UK justice secretary as the insurance industry's "dirty secret", has continued to make headlines across the UK after Axa became the first insurer to announce a blanket ban

Global broker Marsh colluded with former New York Attorney General Elliot Spitzer to make scapegoats of two former employees to avoid a criminal prosecution of the firm, papers lodged in a US court on 24 June allege.

Mitsui Sumitomo at Lloyd's has appointed Graeme Rayner to lead its P&C underwriting as the firm continues to seek growth in its UK and Irish offerings

The size and quantum of investment opportunities in Enstar's medium-term pipeline prompted the run-off giant's search for an external capital injection, investors were told earlier this month.

UK financial firms have been warned to expect a more active and intrusive regulator when the current Financial Services Authority (FSA) is split into the government's proposed "twin peaks" approach, according to FSA guidelines published today (27 June).

Some 5,000 properties in Christchurch, New Zealand will be abandoned under a government plan unveiled last week.

First-time cat bond issuer Argo Group said turning to the collateralised market was an attractive option in the current uncertain market, as a hedge against rising retrocession pricing.