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  • And makes public data secret, suggests David Schiff... New York's insurance law requires insurance companies doing business in the state to file with their annual statement a supplement (Schedule G) that lists the names, titles, and compensation of emp
  • Property damage from the earthquake that hit the UK on 27 February is likely to cause insured losses of between £15-30mn, according to initial estimates by Risk Management Solutions (RMS).
  • Underlying pre-tax profits were up 15 percent at Jardine Lloyd Thompson Group plc to £95.2mn as the UK-listed broker reported strong top-line growth for 2008.
  • Paul Karon, CEO of reinsurance intermediary Benfield’s US division, has sold more than half his stock in the company.
  • Japanese company Tokio Marine & Nichido Fire Insurance Co has completed its takeover of Lloyd's insurer Kiln Ltd.
  • Swiss Re Capital Markets has won a $1.5bn mandate to securitise US earthquake risk for the California Earthquake Authority (CEA) in its latest, and by far the largest deal.
  • Florida’s cat fund has turned to Berkshire Hathaway to buy a $4bn put option bond as a hedge against an active hurricane season after concluding the cost of traditional reinsurance was too high.
  • UK state-controlled bank Royal Bank of Scotland (RBS) has withdrawn from talks with two private equity firms over the sale of its well-regarded insurance units, as first revealed by The Insurance Insider.
  • Shares in Bermuda-based Omega Insurance Holdings "justify a premium rating" regardless of takeover bid speculation, according to Numis Securities analyst Nick Johnson.
  • A report produced for the Mayor of London by Bob Wigley, Chairman of Merrill Lynch Europe to examine how London could sustain its position as the world’s leading financial centre has concluded the city is in danger of losing out...