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  • The share price of beleaguered Nasdaq-listed insurer Tower Group fell by 23.8 percent in trading yesterday (7 May) to hit a new low of $1.70
  • London-listed Lloyd's carrier Beazley today (8 May) reported a slight drop in premium income during the first quarter, but said rates had remained flat overall despite mounting competitive pressure.
  • Munich Re, the world's biggest reinsurer, today (8 May) reported a 5 percent drop its first quarter profit, held back by a strengthening euro, and said it remained on course to post earnings of about EUR 3bn ($4.1bn) for the year as a whole.
  • A spate of tornadoes that struck the Denton area of north Texas on 3 April may cost insurers more than $650mn, broker Aon Benfield said today (7 May) in the latest monthly report from its cat modelling unit Impact Forecasting.
  • The story of the legacy sector is about two households divided
  • Global composite insurer Axa yesterday (6 May) said its revenues slipped 1 percent in the first quarter, as steady growth at its P&C division failed to offset a downturn in life insurance and asset management
  • London-listed insurance outsourcing firm Quindell today (7 May) said its telematics products, which allow motor insurers to set premiums according to how riskily their customers drive, are being rolled out in Canada via distribution deals with local brokers.
  • Listed Lloyd's carrier Novae has appointed Robert Solloway to join its agriculture reinsurance team, the company announced in a statement today (7 May).
  • Hiscox dips; Scor rises; Lancashire appoints; AIG decline; Tower slump; Mapfre drop
  • MarketScout became the latest to warn on moderating US commercial rating momentum after reporting that average rate increases slowed to 2 percent last month