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  • Last autumn’s industry record hurricane losses triggered sharp increases in property rates in the fourth quarter of 2005, according to the latest RIMS Benchmark Survey from analysts at US firm Advisen. The survey, which includes information from...
  • Aspen Insurance Holdings has said it will take an estimated $60mn in net losses from the storms that struck the US in April and May
  • Listed Lloyd's insurer Novae Group continued to rebuild profits in the first half of 2010 after a difficult 2009, despite the high catastrophe toll of the past six months.
  • US insurer Chubb saw first quarter net income rise 36 percent to $464mn, despite sustaining a $344mn pre-tax catastrophe hit compared with $26mn over the same period last year.
  • Net income at Zurich Financial Services (ZFS) strengthened by 86 percent to $1.35bn in the second quarter as its results benefited from a positive $4.5bn year-on-year swing on unit-linked investments
  • UK mid-market business is currently a tough sector with typically high service costs and falling commission rates. Occupying that role at Aon is now Robert Brown following the exit of the previous incumbent, John Thornton.
  • 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...
  • Florida homeowner insurer HomeWise Insurance Co has issued a $260mn Florida wind-only cat bond just weeks before the start of the North Atlantic wind season on 1 June.
  • Recently launched SME online marketplace Coverzones has secured further funding with an investment from UK insurer MMA as it looks to expand its business, The Insurance Insider can reveal.
  • Swiss-based oilfield services company Weatherford international has agreed an insurance-funded $75mn settlement with BP over claims relating to the Deepwater Horizon disaster.