May 2008/1

A number of Bermudian (re)insurers provided evidence of the impact of unprecedented Q1 large risk losses on profits for the period.

The 1/5 renewal for Virgin will be a bellwether on the health of the airline market following signs earlier this year that rates had finally stopped falling.

The loss-struck satellite insurance sector is facing another claim with solar array problems on a Nigerian satellite, NIGCOMSAT-1.

Lloyd's will pilot its new messaging hub, the Lloyd's Exchange, in the third quarter of this year, The Insurance Insider can reveal.

(Re)insurers will need to dig deep on unprecedented losses fuelled by record commodity prices

The key Florida property cat market provided a boost for the reinsurance sector with state insurer Citizens Property Insurance Corporation’s decision to return to the private market for cover.

But impact on softening rates not expected outside affected industry sectors

Principle Insurance Company Ltd is to launch as the first dedicated British takaful provider after receiving authorisation from the FSA.

Lloyd's could admit a new type of member with the ability to build up reserves similar to conventional insurers without resorting to changes in the legislation governing the Corporation, according to the UK Treasury.

Swiss Re shares slid more than 6 percent to SFr82.30 after the reinsurance giant continued to disappoint analysts with further structured credit losses that halved Q1 profits.

Heath Lambert's proposed sale of its wholesale operations could be endangered by opposition from at least one key executive.

Bermudian run-off company Enstar and US investment firm accused of 'hatching scheme' to sell insurance companies