November 2009/2

Bermuda-headquartered Armour Reinsurance Group has lured senior Pro Group executive Steve Ryland, despite being trumped in the race to acquire Pro by Tawa plc.

The industry loss warranty (ILW) market was finally able to settle contracts impacted by the 2008 US hurricane season after PCS finalised its industry onshore loss estimate...

As the Q3 financial reporting season draws towards its close, there is growing evidence that (re)insurers’ boards are under pressure to focus on capital management.

As investors wallowed in financial markets despair at the start of 2009, few would have predicted the speed and size of the bounce in equities that began in mid-March.

The commercial energy (re)insurance market is facing its biggest loss of the year from the blowout and subsequent fire at the West Atlas rig in the Timor Sea.

Capita Insurance Services managing director of commercial insurance, Max Pell, has left the UK outsourcing giant to join rival firm Xchanging.

Losses from Central European banks fuel growing loss bill; but experts say the industry is responding well.

The UK High Court has sanctioned schemes of arrangement for the 48 solvent and insolvent companies that make up the Trimark 1968 and prior years pools schemes, after creditors voted "overwhelmingly" in favour at a 9 October meeting.

Lloyd's lead (re)insurance stocks down; Valuations falter; Gap narrows further between Lloyd's and Bermuda.

A lot can happen in four years but, one way or other, Royal Bank of Scotland will have sold its P&C insurance operations, RBS Insurance (RBSI), by 2013.

While parent AIG reported a moderate $455mn third quarter net profit - compared to the giant $24.5bn net loss of Q3 2008 - Chartis disappointed on its core underwriting.

Our monthly column keeping a check on recent US and EU legislative and regulatory developments, in association with Sidley Austin LLP.