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  • Bermuda has been hit by tropical storm force winds as Gabrielle traverses the island's west southwest – just as the first hurricane of the 2013 Atlantic wind season forms.
  • Two weeks after its chairman Josef Ackermann suddenly resigned, Zurich Insurance Group's board of directors has today (11 September) appointed Tom de Swann and Fred Kindle as respectively the chairman and vice-chairman of the insurance heavyweight.
  • A New York district court yesterday (10 September) approved General Reinsurance Company's $72mn settlement with American International Group (AIG) shareholders over long-running claims of bogus reinsurance deals and accounting fraud
  • Liberty Mutual has brought part of its catastrophe reinsurance programme to the market early, in the latest example of a cedant attempting to lock in softening cat rates
  • There's plenty to talk about in the upstream and downstream energy markets and the power sector, as offshore wells continue to leak or suffer blowouts, onshore pipelines likewise leak or are sabotaged, while jackup rigs capsize with alarming regularity
  • Aon Benfield has fought off competition from Guy Carpenter and Willis Re to hold onto prize catastrophe reinsurance account Suncorp, The Insurance Insider understands
  • Private equity-backed carrier Barbican has launched a collateralised reinsurance platform operating out of Guernsey as it looks to secure support for a $100mn marine fund, The Insurance Insider has learned
  • Scor is attempting to open up the French property cat reinsurance market by mounting a legal challenge against the quasi-monopoly of Caisse Centrale de Reassurance (CCR), The Insurance Insider can reveal.
  • AIG has signalled its intent to cancel all reinsurance ties with Berkshire Hathaway, an act likely to be interpreted as revenge for the company's raid for its senior executives earlier in the year.
  • Ace has dropped Atrium from its reinsurance security list after the Lloyd's underwriter was sold to run-off acquirer Enstar, The Insurance Insider has learned