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  • Fears that the well of legacy transactions would run dry as tight credit conditions took hold appear unfounded, as the first half of 2008 yielded eight significant deals - maintaining the run-rate of the last two years.
  • US insurer HCC Insurance Holdings Inc has announced the acquisition of Indiana-based MultiNational Underwriters (MNU) and the establishment of a new $24mn capacity Lloyd’s syndicate.
  • Insurance buyers can no longer rely on underwriter discretion to ensure that claims are paid out when century-old UK legislation offers the opportunity to avoid them, delegates heard in Manchester last week.
  • One of the largest gatherings of the UK and international P&C legacy market takes place this month with the R&Q commutations Rendez-Vous in Norwich, UK.
  • Last year's loss log offers further evidence that the biggest challenge facing energy insurers is the rise of the mega-loss, with $100mn plus claims accounting for more than two-thirds of total losses.
  • US broker AmWins has filed a fresh lawsuit against R-T Specialty, industry veteran Pat Ryan's rival wholesale start-up, to pursue damages for "misappropriation of trade secrets" following the defection of a senior broker.
  • Latest estimates from the Insurance Services Office’s (ISO) Property Claims Service (PCS) of $56.8bn in insured property losses would confirm 2005 as a record year for payouts. The figure is more than double the previous record, set in 2004...
  • Three Lloyd's managing agents have faced an intrusive Section 166 investigation from UK regulator the Financial Services Authority (FSA) in the last two years following compliance concerns, The Insurance Insider has learned.
  • Lloyd's (re)insurers Hiscox, Beazley and Brit can expect a combined $110mn hit from the New Zealand earthquake, Keefe Bruyette & Woods analyst Christopher Hitchings has estimated.
  • Our Aon Carrier Charge story (see page 9) shows that the juggernaut issue of enhanced broker commissions continues to rumble, ruffling feathers and provoking sideways glances wherever it goes.