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  • Superstorm Sandy has the potential to trump last year's Thai floods and even rival Hurricane Katrina as one of Lloyd's worst ever losses
  • Composite hull and liability aviation insurance rates are down 15 percent year-on-year in 2012 so far with up to 60 percent of exposure growth effectively given away free by underwriters, according to JLT's latest Plane Talking report.
  • Bermudian carrier PartnerRe has acquired US specialty accident & health (A&H) underwriting platform Presidio Reinsurance group.
  • The One Bermuda Alliance (OBA) party won out in a closely fought election yesterday in which Paula Cox lost both her seat and position as premier after the Progressive Labour Party (PLP) was forced out of power.
  • Lloyd's broker Chesterfield Group has hired JLT's former chairman of accident and specialty David Menzies to grow its accident and health (A&H) business in the US and internationally
  • Disclosed losses from Superstorm Sandy claims have now surpassed the $11bn mark - the amount that PCS has estimated would be the total insured loss from the event.
  • The International Underwriting Association (IUA) will target regulation on an international scale and from a UK perspective as its top priorities in 2013
  • Trade credit insurer Equinox Global has secured $5mn of additional capacity through Jubilee Syndicate 5820.
  • The role of unrated capacity in the UK solicitors' professional indemnity (PI) market has again caused controversy at the key 1 October renewals, with regulators unable to prevent irresponsible underwriting
  • Alterra's sidecar New Point V has increased in size from $210mn to $247mn, the company said