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  • Marsh & Mclennan has joined Aon in urging the US government to reauthorize and modernise the Terrorism Risk Insurance Act (TRIA).
  • The Insurance Insider's second Honours event saw 700 leading industry executives packed into the spectacular riverside setting of London's Old Billingsgate Market at a splendid gala evening compered by UK comedian David Mitchell
  • Coastal cities in Asia are most at risk from the economic consequences of natural disasters, according to a study by Swiss Re.
  • US carrier Tower's share price fell by nearly a third in a day's trading for the second time in six weeks yesterday (18 September), taking the stock's earnings multiple to a level that may interest legacy acquirers
  • AmTrust Financial Services has continued its acquisitive streak after announcing it has agreed to purchase The Insco Dico Group for $85mn.
  • PartnerRe has become the latest reinsurer to put up a number for German hailstorm losses as it said the events in the last week of July will cost it between $50mn and $60mn before tax and net of retrocession and reinstatement premiums.
  • Europe's leading insurers have reduced their debt leverage since the 2008 financial crisis, but their ability to pay interest on their loans has also deteriorated because of declining profitability, according to rating agency Moody's
  • Markel Global Reinsurance has appointed Greg Richardson as acting head of retro property reinsurance after it lost Martin Vezina to AQR Re
  • Arthur J Gallagher is to buy UK specialist transport broker Belmont International for an undisclosed sum, in the latest takeover by the acquisitive US-based intermediary
  • Catalina has agreed to acquire run-off insurer Alea Group from Fortress Investment Group for an undisclosed sum, it said today (18 September)