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  • Drilling contractor Transocean will increase its level of self-insurance following the huge Deepwater Horizon rig loss in the Gulf of Mexico (GoM) on 22 April, the company revealed.
  • In a landmark sale Randall & Quilter has acquired some $900mn of ACE's asbestos reinsurance book It was brutal, and at times bloody, but 18 months after applying to sell part of its Brandywine legacy exposures to...
  • Total payouts fall, but shrinking surplus and deteriorating solvency margin as balance sheet weakens
  • Swiss Re will stop writing property and casualty (P&C) facultative business from London later this year, The Insurance Insider's sister publication Inside Fac revealed last week.
  • Leading global reinsurer Swiss Re has partnered with the World Bank’s International Development Association (IDA) to develop a weather derivatives contract to hedge against loss of maize crops as a result of drought in Malawi.
  • Munich Re’s first quarter profits dipped 19 percent as it took a EUR578mn hit in its reinsurance division from the spate of major losses hitting the market in the period.
  • Swiss reinsurer Glacier Re continued to grow in 2007 with an increase in premiums and the launch of its first securitisation.
  • A benign conclusion to the 2006 hurricane season could speed up the softening market for non-catastrophe exposed property casualty (re)insurance worldwide.
  • European reinsurers enjoyed a "solid start" in the first quarter of 2006, underlined by underwriting profits, stronger capitalisation and stable ratings, according to a report from reinsurance broker Benfield.
  • Lloyd's could admit a new type of member with the ability to build up reserves similar to conventional insurers without resorting to changes in the legislation governing the Corporation, according to the UK Treasury.