February 2013/4

Lancashire says its new third-party capital management division will take time to develop but the firm is committed to building a (re)insurance fund manager.

Weekly share price movements and key data on The Insurance Insider's universe of P&C (re)insurers and brokers

If brokers needed further ammunition to use against reinsurers fighting rate reductions, then the results in the past week may have provided the arsenal.

American International Group (AIG) shares traded up on the New York Stock Exchange last week after the US insurance giant booked better-than-expected fourth quarter results.

Lloyd's insurer Ascot Underwriting has announced strong 2012 results with a pre-tax profit of £93.3m on a combined ratio of 81 percent.

QBE Syndicate 386 led the pack of Lloyd's syndicates that have disclosed 2010 year of account (YoA) profit figures

The power market is braced for a potential clash with major New Jersey power generator and distributor PSEG over differences in Superstorm Sandy loss estimates.

The London specie market is expected to receive a claim from security firm Brink's following the diamond heist at Brussels Airport on 18 February.

Ex-tropical cyclone Oswald looks set to inflict net losses totalling A$320mn-A$360mn on Australian heavyweights Suncorp and IAG.

George Quinn, Swiss Re's CFO, said last week that the world's second-largest reinsurer is keen to issue more contingent capital to take advantage of growing investor interest in the product.

Q-Re, the Qatari reinsurer with ambitions to build out operations in Bermuda, London and Zurich, will be supported by additional capital from its parent, the Qatar Insurance Company (QIC) and has appointed a new CEO to lead the expansion.

KBW's most senior insurance financial adviser Nick Triggs has resigned and will join Aon Benfield Securities as the new head of its investment banking business, The Insurance Insider can reveal.