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  • Nine intense typhoons and 17 typhoons are predicted for the forthcoming Northwest Pacific typhoon season according to the latest forecasts from the Tropical Storm Risk (TSR) consortium.
  • Reinsurance broker Guy Carpenter has hired Walsham Brothers veteran Martin Pepper to replace Jack Stephenson as head of its London-based marine and energy practice.
  • Lloyd's (re)insurers Brit and Amlin impressed with strong figures in interim management statements last week, supporting strong top line growth with bullish comments on pricing.
  • Mutual insurer Equitable Life has dropped the lion's share of its case against its former auditor Ernst & Young (E&Y), reducing its claim for damages to £700mn against the original £2.05bn figure.
  • Swiss Re has continued its long-running Vita Capital series of transactions with the issue of $50mn of notes in the first transfer of extreme mortality exposure since November last year.
  • British Insurance Brokers Association (Biba) CEO Eric Galbraith has criticised the European Commission for considering mandatory remuneration disclosure for brokers and said that one-size-fits-all regulation for the financial and insurance industries is "utterly ridiculous".
  • Rating agency Fitch said its concerns over reinsurers' ability to tap capital markets following a significant catastrophe have "sufficiently eased" after revising its outlook on the global reinsurance sector from negative to stable.
  • As Amlin, Beazley, Catlin and Hiscox kicked off the Lloyd’s listed vehicles’ 2005 reporting season, analysts at Keefe, Bruyette & Woods Ltd (KBW) noted good prospects for the sector based on recent trading statements, despite the record hurricane...
  • Despite fears of a difficult 2006 renewal for the International Group of P&I clubs with predicted 20 percent plus rises in reinsurance as the programme was hit by hurricanes and shipping accidents, the reality was much more benign, according to broker...
  • Royal & Sun Alliance will be hoping for a quiet few days after last week’s double whammy of PR hits.