The Texas Windstorm Insurance Association (Twia) confirmed today (2 June) that it had reduced the size of its traditional reinsurance programme by $100mn.
AmTrust has finally completed its acquisition of Nationale Borg in a deal that closed almost six months late and for a higher price than previously indicated.
More than 15 carriers have brought a $71mn case against German engineering giant Siemens after one of its steam turbines failed "catastrophically", leading to substantial business interruption losses.
Broker Southwest Risk has lost a $27.6mn bid to force its errors and omissions (E&O) insurer Ironshore to cover its negligence bill after the intermediary failed to place cover for $1.1bn of property risks ahead of Hurricane Ike.
