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Ex-director of US Risk (UK) in dispute
A long-running dispute between a former director of US Risk (UK) and the firm's founder Randall Goss is progressing towards trial in the UK High Court.
15 October 2012
FSA chairman praises London market
UK Financial Services Authority (FSA) chairman Lord Adair Turner last week gave high praise to the Lloyd's market for playing no part in the financial crisis, while lambasting the banking sector for having been a "failed system" that wreaked havoc on the economy.
15 October 2012
Solvency II 2014 live date impossible after vote delay
The European Parliament's key plenary vote on Omnibus II, originally due in November, has been pushed back past March 2013 after weeks of speculation, a European Commission spokesperson confirmed last week.
15 October 2012
Nephila nears $7bn as capital remains drawn to ILS
The capital markets' continued enthusiasm for non-correlated reinsurance cat risk has expanded assets under management (AuM) at the insurance-linked securities (ILS) sector's two largest fund managers to almost $11bn.
15 October 2012
Pricing pushed to new low on diversifying cat bonds
For reinsurance buyers, one of the advantages of capital markets' enthusiasm for securitised catastrophe risk is that bonds are being priced lower as investors scramble for allocations
15 October 2012
(Re)insurers expected to deliver solid third quarter earnings
US and Bermudian carriers' third quarter results are shaping up to be strong, primarily because of the industry's modest catastrophe loss record in 2012 and, in particular, a relatively benign hurricane season.
15 October 2012
Mapfre difficulties compounded by S&P downgrade
Shares in the Spanish (re)insurer Mapfre are expected to open down sharply on 16 October, after S&P downgraded the firm below the crucial A- territory
15 October 2012
P&C pricing outlooks diverge
There will be much attention on Travelers' third quarter results this week as it is expected to update on the progress made in pushing through rate rises on renewal business.
15 October 2012
US casualty ‘feels like the late 90s’
The US casualty marketplace "feels a lot like the late 1990s" and the immediate period that preceded the last true broad hard market turn, according to Aspen's Rich Aldorisio.
15 October 2012
Construction liability market sees buffer layer price surge
Pockets of the US casualty insurance market remain dislocated, despite significant upward price movements.
15 October 2012
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