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  • QBE's share price fell 15 percent last week as rating agencies and investors responded negatively to the firm's 12 November profits warning.
  • The $500mn first layer of the comprehensive reinsurance programme covering the liabilities of the International Group (IG) of protection and indemnity (P&I) clubs is set to become a total loss after a recent $130mn deterioration pushed to the total reserve to $652mn, according to loss documentation seen by The Insurance Insider.
  • Grahame Millwater is returning to the market as president and CEO of Beach Capital Holdings Ltd (BCHL), the new parent company of ambitious independent reinsurance broker Beach & Associates, The Insurance Insider revealed last week.
  • AIG bailout suit dismissed; Marketform sues defector;BP pays $4.5bn; Charles Taylor down 8%; Generali still on credit watch; Sandy Losses; Amlin positive on cat rates; Axis CUO to join Endurance; Liberty recruits; Marsh targets global surety; Hiscox appoints D&O Warrior
  • The London contingency market is set to take a $20mn hit as a result of the cancellation of the New York Marathon, sister title Inside FAC revealed last week.
  • Despite having lost its Category 1 hurricane status by the time it struck land, Sandy has the very real potential to become the third-largest loss in the Lloyd's market's 325-year history.
  • All regulated industries have a fault line running right through them - that of the blurred partition between the state and the sector which it is supervising.
  • President Obama's call on insurers to stand up and help victims of Sandy rebuild is a further indicator of the political pressure the industry faces that may make strict enforcement of contract terms a challenge to achieve.
  • Grahame Millwater is returning to the market as president and CEO of Beach Capital Holdings Ltd (BCHL), the new parent company of ambitious independent reinsurance broker Beach & Associates, The Insurance Insider can reveal.
  • QBE's share price fell 13 percent this week as rating agencies and investors responded negatively to the firm's 12 November profits warning.