July 2014/1

Catlin, the lead reinsurer of the International Group of protection and indemnity (P&I) clubs, has exhausted its own retrocession protection after the latest deterioration in the cost of removing the Costa Concordia wreck

Lloyd's stocks ventured down the path to recovery in early July, after our composite achieved an average gain of 4.23 percent following weeks of decline.

Softening spreads; Endurance expands; Arch reshuffles; Rate moderation; Swiss combine; Amlin builds; Arthur avoids...

AIG subsidiary Lexington Insurance Group has become embroiled in another multi-million dollar litigation dispute over a Sandy loss, this time in relation to a wind-versus-flood dispute for damage to a racecourse.

Cargo insurers will be allowed to join Mitsui OSK Lines (MOL) in a Japanese lawsuit against shipbuilder Mitsubishi Heavy Industries (MHI) for damages from last year's sinking of the MOL Comfort container ship, according to legal reports

The sale of UK-based legacy business Compre is likely to consist of a replacement of one private equity backer with a fresh one, market sources have told The Insurance Insider.

The industry should take "baby steps" towards implementing electronic placing to ensure its success, according to industry experts speaking at the Xchanging London 100 working group roundtable earlier this month

Global insurance group Ace earlier this month confirmed a deal to buy the large corporate P&C business of Itaú Seguros from its Brazilian banking parent Itaú Unibanco for approximately 1.515bn reais ($685mn)

Reforms to UK insurance commercial contract law have gathered momentum after the consultation period for the final draft of the Insurance Contracts bill ended earlier this month (2 July)

The Prudential Regulation Authority (PRA) has increased its budget estimate for 2014/15, according to a July policy statement on regulated fees and levies released by the regulator

Nine insurers deemed systemically important financial institutions (Sifis) are preparing for the announcement of the International Association of Insurance Supervisors' (IAIS) basic capital requirements (BCR), due this October

A subtle shift away from macro positioning is expected