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  • Willis Re has claimed the Torus property and energy reinsurance account, The Insurance Insider can reveal, at the same time as Aon Benfield has chalked up a series of account wins as insiders cite its contrarian rates stance as a driver.
  • The industry's total losses from sub-prime, credit crisis and liquidity related litigation could reach $16bn, according to a senior Swiss Re claims manager.
  • A shortlist of bidders have entered the final stages of a tender process for Swiss Re's UK run-off unit Pro Insurance Solutions (Pro), The Insurance Insider understands.
  • Expansive F&S Ventures - the investment firm set up by Rod Fox and Jim Stanard that launched US reinsurance broker TigerRisk last year - is set to unveil a new managing general agency (MGA).
  • The founding CEO of Xchanging David Andrews has resigned with immediate effect, sending the firm's shares into freefall this morning (9 February).
  • The Association of Run-Off Companies (ARC) and KPMG published their latest annual survey into the UK non-life insurance run-off sector earlier this month revealing a fall in total liabilities, driven by Equitas’ continued successes in shedding...
  • Chicago-based insurer CNA Financial posted a fourth quarter net loss of $217mn, or 92 cents per share, down from a net profit of $303mn, or $1.11 per share, in 2004. The company was hit by $223mn in commuted reinsurance contracts and...
  • Legislation to reform the Lloyd’s Act 1982 officially came into force today (19 November) in a move that the UK government said will modernise the operation of the world’s oldest insurance market.
  • 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.
  • Second quarter results have once again demonstrated that the choice of accounting methodology can have a significant impact on a (re)insurer's bottom line.