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QBE share price closes down 15%
QBE's share price fell 15 percent last week as rating agencies and investors responded negatively to the firm's 12 November profits warning.
19 November 2012
Increased Costa loss cost totals first layer of IG programme
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.
19 November 2012
Millwater is new CEO at ambitious broker Beach
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.
19 November 2012
News digest
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
19 November 2012
Contingency market facing $20mn New York Marathon hit
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.
19 November 2012
Lloyd’s facing $2bn+ Sandy loss
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.
19 November 2012
Church versus state
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.
19 November 2012
Obama adds Sandy political pressure on insurers
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.
17 November 2012
Millwater is new CEO at ambitious broker Beach
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.
17 November 2012
QBE share price closes down 13%
QBE's share price fell 13 percent this week as rating agencies and investors responded negatively to the firm's 12 November profits warning.
16 November 2012
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