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July 2012/1

  • Axis Capital founder John Charman faces a potentially lengthy wait if he intends to return to the market following his ousting from the Bermudian (re)insurer in late June...
  • Munich Re has bought a $200mn "Replicat"-style cover based on the underlying exposures of its American Modern Insurance Group to provide additional protection to its US operations, The Insurance Insider can reveal...
  • Overall executive pay at the top US-listed brokers fell in 2011 but MMC CEO Brian Duperreault leapt over his peer at Aon Corp to lead the rankings, according to data compiled by The Insurance Insider
  • The news that American International Group (AIG) is to re-attach its brand name to its global non-life insurance business brings to a close a dramatic chapter of the financial crisis in which a major leader in our universe took an important role...
  • As part of the Project Darwin reforms Lloyd's and Xchanging have agreed that their joint venture Xchanging Ins-sure Services (XIS) will retain its contract to provide existing processing and settlement services...
  • Equity markets don't like uncertainty, which is why cat (re)insurance stocks - such as those in the London market - may tread water until the hurricane season plays out
  • The nascent harder market for property catastrophe reinsurance already appears to be ending, as excess capital and muted demand dampen rate rises that could fizzle out altogether by the start of 2013...
  • Large UK insurance renewals were broadly flat. We have exclusive pricing information on these and other European accounts that renewed at 1.7