October 2008/1

Offshore energy losses from Hurricane Ike could cost the market over $3bn, it has emerged.

As individual net loss estimates continue to trickle in from (re)insurers for exposures to hurricanes Gustav and Ike it appears that property cat specialists Renaissance Re and Bermudian class of 2001 player Montpelier Re have...

Swiss Re and Catlin are facing the possibility of a $73.4mn and $73.2mn loss each arising out of last October’s California wildfires, The Insurance Insider understands.

Aon Benfield Re’s investment banking arm – an amalgamation of Benfield Advisory and Aon Capital markets – will be led by Rob Bredahl, The Insurance Insider can reveal.

The financial markets meltdown – which has led to the rescues of American International Group, Fortis and a capital raising at The Hartford – could have “political consequences” for Solvency II, but experts say...

Newline Syndicate 1218 active underwriter, Stephen Gordon, has left the Lloyd’s insurer to join expansive US-based property casualty insurer AMTrust, according to sources.

Transatlantic Re, the New York headquartered reinsurer which is majority owned by AIG, is optimistic that its ownership will be resolved later this month to limit uncertainty as the industry gears up for the forthcoming renewal season...

American International Group’s (AIG) enforced metamorphosis from a global financial services firm to what its new chairman and CEO Edward Liddy hopes will be a “smaller but more nimble company that is solidly profitable and has attractive long-term growth

Bermudian reinsurer Harbor Point Ltd is looking to build its London presence after being approved by UK regulator the Financial Services Authority to convert its representative office to a fully licensed branch operation.

The soon-to-be broking leviathan Aon Benfield Re has continued to flesh out its senior management structure as the two firms look to complete their union by the end of the year.

Lloyd’s (re)insurer RJ Kiln and Co is to form a new syndicate for the 2009 year of account, The Insurance Insider understands.

Flagstone Reinsurance Holdings Ltd is set to become the latest Bermudian to establish a Lime Street presence with the acquisition of a Lloyd’s platform, The Insurance Insider can reveal.