July 2008/3

State Farm Insurance has blamed the Florida authorities for its decision to seek premium increases of nearly 50 percent across the state for homeowners insurance.

UK motor underwriters were buoyed by the news that average premiums increased in the second quarter after reporting falling rates for the first quarter, according to the AA's Insurance Index.

Max Capital president of reinsurance and co-founder John Doucette has left the company to "pursue other opportunities".

Integro Insurance Brokers has parted company with John Chippindale, the managing director and president of its Canada operation, The Insurance Insider can reveal.

As the global credit crisis continues to widen and deepen, separating companies whose share performance signals underlying concerns over the sub-prime fallout from those dragged down by the general stockmarket malaise is becoming increasingly difficult.

As D-day approaches for the protracted auction of RBS' Insurance operations there are now thought to be just three insurers firmly in the running.

Imagine Group Holdings Ltd's chief underwriting officer Robert Forness is to leave the (re)insurer to head up Hiscox Bermuda, The Insurance Insider revealed today (21 July).

A landmark run-off transaction expected to come to market next month is understood to involve a subsidiary of Wurttembergische und Badische Versicherungs-AG (Wuba), The Insurance Insider can reveal.

As the second quarter earnings season begins in earnest, asset drag and casualty reserve releases are expected to emerge as dominant themes, while investors will look for guidance on the spate of weather-related losses and potential sub-prime liability...

Bermudian (re)insurer XL Capital's woes appear to have deepened this week with at least one insurer, understood to be Chubb, taking the company off its security list for facultative placements, The Insurance Insider can reveal.