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October 2009/1

  • Swiss Re has launched a three-year $250mn Mexican wind and earthquake cat bond, as first predicted by our sister publication Trading Risk.
  • Lloyd's declared pre-tax profits for the market of £1,322mn for the first half of 2009, up 39 percent on the previous year.
  • Forty years ago the Apollo 11 mission put man on the moon, so it was highly appropriate that Nick Jones' start-up Lloyd's Syndicate - branded Project Apollo - should be allocated the syndicate number 1969.
  • As the full impact of the credit crisis hit last autumn, one of the few markets to celebrate was the Asian surety bond market...
  • Guy Carpenter's European arm has secured a number of high profile account wins, The Insurance Insider can reveal.
  • Jeffrey Greenberg's private equity firm Aquiline Capital Partners has made an undisclosed investment in Rod Fox-headed TigerRisk to support the US reinsurance broker’s continued growth.
  • Shelbourne CEO steps down; LMA and Xchanging agree to simplify premium settlement; Matanle 'FSA approved'...
  • Hartford hires new CEO; restocks after Arch raid; Glaser's wait doubles; MMC up 33 percent in 3 months; Contingent capital comeback...
  • Our monthly column keeping a check on recent US and EU legislative and regulatory developments, in association with Sidley Austin LLP.
  • The Bermuda Monetary Authority (BMA) is enhancing insurance regulation in a push to become the ILS jurisdiction of choice.
  • Fast expanding insurer Torus has taken Simon Urry from Markel International as senior casualty underwriter in its London offshore energy team...
  • A return to charging contingent commissions could net MMC more than $250mn a year, according to estimates.