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  • Three new catastrophe bond issuances at the start of the third quarter included the first solo US thunderstorm bond from a sponsor new to the market.
  • US financial services firm State Street Corp's decision to establish a $618mn fund to cover sub-prime related lawsuits has set alarm bells ringing among directors' and officers' (D&O) insurers offering defence costs coverage.
  • A protracted David and Goliath battle between global insurer Ace (market cap: $24bn) and run-off acquisition firm Randall & Quilter (R&Q; market cap: £50mn/$80mn) was averted after the firms settled their festering dispute over the so-called Brandywine companies
  • "Be kind to your shareholders and they will be kind to you," was the message from Jupiter Asset Management director Tony Nutt at a panel discussion on capital in the property and casualty sector at today's (25 November) Xchanging London Market Conference.
  • A California judge has put further pressure on the rating agencies' as they look to wield the US Constitution's First Amendment against attempts to make them liable for their ratings decisions.
  • More than 1,000 people are thought to have perished in the massive earthquake which struck a small island off western Indonesia yesterday – a mere 100 miles from the epicentre of the Boxing Day earthquake that left 280,000 people dead or missing across As
  • As anaemic interest rates continue to cut into investment returns and the well of reserve releases steadily dries up, underwriting discipline is crucial this year for reinsurers battling the soft market and is "the only lever left" for senior management riding the cycle.
  • The UK-registered holding company created as part of the merger between Cooper Gay and Swett & Crawford has no representatives from the latter's executive management team, The Insurance Insider can reveal.
  • Increasing global terror is hitting business confidence as a consequence of the rise in high-profile attacks, the rapidly deteriorating position in Iraq, and a proliferation of extremist terror groups, reveals broker Aon with today’s (13 April) launch of
  • Lloyd's insurer Heritage Underwriting Agency Ltd has urged its shareholders to reject an offer for 7.4 percent of the company's stock because it undervalues the company.