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Swiss Re enters into 25% Meadowbrook QS
Meadowbrook, the US insurer facing a damaging downgrade by AM Best, has entered into a quota share with Swiss Re in a bid to bolster its capital position
21 December 2012
R&Q buys another Guernsey captive
Randall & Quilter (R&Q) has bought Guernsey-based captive insurer Linpac Insurance, which has been in run-off since 2006, for £450,000
21 December 2012
Bermuda quartet add $565mn to Sandy losses
The latest crop of Sandy loss estimates have moved reported industry losses beyond the $13.3bn mark
21 December 2012
Eiopa releases first outline of ‘Solvency 1.5’
The European Insurance and Occupational Pensions Authority (Eiopa) has released its first legal opinion on "Solvency 1.5", which briefly outlines its proposal to get certain elements of Solvency II in place by 1 January 2014
20 December 2012
Willis to take c.$750mn in write-downs
Global broker Willis has announced it will take circa $750mn of non-cash impairment charges in its fourth quarter accounts for HRH-related goodwill write-downs and a change in its treatment of retention bonuses.
20 December 2012
RSA to sell Dutch Caribbean unit
UK-based insurance group RSA has announced the sale of its interest in Royal & Sun Alliance Insurance (Antilles) NV to Fatum General Insurance NV.
20 December 2012
Lancashire Sandy loss pick just $40mn-$60mn
London-listed (re)insurer Lancashire has surprised the market by estimating net losses from Superstorm Sandy at an impressively low $40mn-$60mn - equivalent to only 3 percent of half-year net tangible assets
20 December 2012
Amlin estimates £145mn Sandy loss
Amlin has become the latest Lloyd's (re)insurer to post Sandy losses as it estimated a £145mn ($236mn) hit from the storm net of reinsurance recoveries and reinstatement premiums.
20 December 2012
PartnerRe and Arch each estimate up to $240mn Sandy bill
PartnerRe and Arch Capital have both put a top-end loss estimate of $240mn for their pre-tax exposures to Superstorm Sandy, net of reinsurance, retro and reinstatement premiums.
20 December 2012
Markel shuns move offshore in Alterra deal
Markel's proposed $2.8bn acquisition of Alterra will not see the US-domiciled insurer move offshore to Bermuda, the company has said.
19 December 2012
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