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  • Bermudian reinsurer Montpelier Re Holdings Ltd has extended the employment contract of its founding chairman and chief executive Tony Taylor until 2009, it confirmed last week.
  • Despite a strident showing by the equities markets in Q4 2010, (re)insurers' investment portfolios are set to suffer in the period because of rising interest rates on their bond holdings
  • Europe's largest insurer, Allianz, has added to the flurry of first quarter cat bonds after combining with Aon Benfield and Goldman Sachs to issue the $150mn US wind and quake bond Blue Fin II.
  • Spanish (re)insurer Mapfre has reported a 57.7 percent rise in first-half net profit year-on-year to EUR529.4mn.
  • Our monthly column keeping check on US and EU legal and regulatory developments, in association with Sidley Austin LLP
  • Despite raising sufficient capital to ensure a capacity of £150mn on its Syndicate 780 next year, Advent Capital has seen ratings agency Moody’s downgrade its rating on the syndicate following the devastating losses from this year’s storms.
  • Last week's annual reinsurance meeting in Baden Baden saw the industry focus on fundamental issues as it looks ahead into 2010...
  • New York attorney general considers an appeal against the former "enforcers" for Marsh Global Broking, Bill Gilman and Ed McNenney
  • On reporting a £120mn combined flood loss for June and July, UK (re)insurer Royal & Sun Alliance (R&SA) revised its combined ratio expectation upwards to 96 percent for the full year.
  • Moves to clampdown on corporate crime have edged forward on both sides of the Atlantic, with the launch of an anti-fraud initiative in Washington and a bribery bill at Westminster.