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INS denied retrial in HRG and Howden dispute
A Miami court has refused to grant Costa Rican insurer Instituto Nacional de Seguros (INS) a retrial in a long-running legal battle with Howden and Miami-based broker Hemispheric Reinsurance Group (HRG) over allegations of excessive brokerage charges
10 June 2014
Second Endurance bid improves financing but not a knockout price
The key development in Endurance's improved $49.50 per share bid for Aspen is the change to the financing arrangements rather than the extra $2.00 per share of paper and cash
10 June 2014
Indications of a credit bubble, but defaults not imminent: GSAM
Fears of imminent credit defaults are unfounded...
10 June 2014
Endurance vs Aspen: style and substance
We lift the lid on the increasingly hostile takeover battle between Endurance and Aspen
10 June 2014
Solvency II to ensure consumers come first: Bernardino
The EU's Solvency II capital regime will ensure insurance executives put consumers first, according to Gabriel Bernardino, chairman of the European Insurance and Occupational Pensions Authority (Eiopa)
10 June 2014
Tria bill moves to Senate floor for final vote
The US Senate banking, housing and urban affairs committee has unanimously approved legislation that would extend the Terrorism Risk Insurance Act (Tria) by seven years, meaning it will now move to the Senate floor for a final vote
10 June 2014
Senate passes insurance capital standards bill
The US Senate passed the Insurance Capital Standards Clarification Act by unanimous consent on 3 June, in a bid to end confusion surrounding the federal requirements imposed on insurers that fall under the supervision of the Federal Reserve
10 June 2014
Blackstone sells cat bond holdings in mutual fund
Multinational fund manager Blackstone has sold down its cat bond holdings within the $1.18bn Blackstone Alternative Multi-Strategy Fund as it reduced its reinsurance allocation, according to the fund's annual report
10 June 2014
Golub Capital Re to focus on US casualty
Proposed $750mn start-up Golub Capital Re (GCR) will look to build a book with a strong focus on US casualty as it targets a gradual premium build-up of lower volatility business, The Insurance Insider can reveal
10 June 2014
Universal drops Everest from quota share
Floridian insurer Universal Property & Casualty has cut back its quota share arrangement with Odyssey Re and seen Everest Re removed from the treaty altogether as it cut spending on its core catastrophe reinsurance programme by 20 percent for 2014-2015
10 June 2014
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