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  • World Trade Center leaseholder Larry Silverstein is not entitled to any of the subrogated claims money paid to insurers by airlines over the 9/11 attacks, a court ruled last week
  • The London-listed Blue Capital Global Reinsurance Fund has capped its upcoming fundraising at a maximum of $100mn, the Montpelier Re-backed company told investors on 20 September
  • Credit Suisse added a small amount to its loss reserves for Superstorm Sandy as it closed a sidepocket of shares in the London-listed DCG Iris fund that was set up after the storm hit New York last year
  • The US Federal Reserve's surprise postponement last week of plans to taper its $85bn-a-month bond-buying quantitative easing programme is likely to refocus (re)insurers on the task of optimising investment portfolios in a pervasive low interest rate environment
  • Reforms proposed by P&C reinsurers nursing heavy Costa Concordia shipwreck losses to protect themselves from ballooning wreck removal costs look increasingly unlikely to bear fruit
  • Europe's leading insurers have reduced their debts since the 2008 financial crisis, but their ability to service their loans has deteriorated due to a drop in profits, according to rating agency Moody's
  • It is not often that the broker and carrier communities are in unison, and it is rarer still that the P&C (re)insurance industry comes together to lobby for public intervention in the private marketplace.
  • Almost a year after Superstorm Sandy caused devastation across the northeast US, cat modelling company Karen Clark & Co (KCC) has warned that if a true 1-in-100 year hurricane event in the region could cause insured losses of over $100bn.
  • (Re)insurers involved in the early testing of RMS(one) have predicted a significant impact in the day-to-day business of cat modelling when the new product is launched in early 2014.
  • Mexico's insurers could face "potentially substantial" claims after hurricanes Manuel and Ingrid struck the south of the country on 14-15 September, causing widespread flooding in the tourist resort of Acapulco, according to rating agency Moody's.