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  • CV Starr subsidiary Starr Aviation has entered the satellite insurance market following its acquisition of leading space underwriter International Aerospace Insurance Services (Inter-Aero), The Insurance Insider can reveal.
  • The International Underwriting Association of London (IUA) has said that proposals to include insurers under a global banking tax are "hard to justify".
  • In a further sign of growing innovation between the (re)insurance industry and capital markets, the Chicago Mercantile Exchange (CME) is to begin trading hurricane futures and options in conjunction with reinsurance broker Carvill.
  • Insurance specialists Edwards Angell Palmer & Dodge LLP (EAPD) and London-based Kendall Freeman are understood to be considering a merger, Insider Week understands.
  • The trading of Industry Loss Warranties (ILW) has gained real momentum in the two years since hurricanes Katrina, Rita and Wilma, but critics say its development has been hampered by the high frictional costs...
  • Struggling reinsurer XL Re's facultative team has lost a senior property facultative underwriter in its London office, Inside FAC can reveal.
  • Despite concerns that downwards pricing pressure is building in many property catastrophe lines, cash-rich hedge funds are increasingly drawn to the perceived high reward reinsurance sector. In addition to providing private equity capital to back star
  • Hannover Re chairman Wilhelm Zeller once again declared his satisfaction at the German reinsurer’s interim results, as he confirmed that with half year operating profits of $375.4mn, the group was well on track to meet its annual targets.
  • The American International Group (AIG) stake owned by Hank Greenberg and the Starr Group has fallen in value from $32bn to just $590mn on a precipitous drop in share value and the gradual selling down of the stake.
  • A second consecutive quarter of heavy catastrophe losses took its toll on early reporting US insurers as profits slipped at Allstate Corp, Travelers, Liberty Mutual, WR Berkley and Chubb.