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Eiopa slams EC for breakdown in Solvency II process
The chairman of the European Insurance and Occupational Pensions Authority (Eiopa) Gabriel Bernardino has "strong concerns" over the "stagnant" Omnibus II negotiation and its impact on the Solvency II project
05 October 2012
S&P: Groupama UK to regain BBB rating
Groupama UK looks set to return to BBB-level security after ratings agency Standard and Poor's (S&P) put its BB insurer financial strength ratings on positive watch ahead of its acquisition by Ageas
05 October 2012
Lloyd’s blue chips price up in second capacity auction
Average volumes traded for syndicate capacity fell in the second Lloyd's auction this week, although pricing for the perceived blue chips remained strong
05 October 2012
JLT to buy Alexander Forbes unit for £17mn
UK-headquartered international broker Jardine Lloyd Thompson (JLT) has agreed a deal to purchase Alexander Forbes Consultants & Actuaries Limited (AFCA) for a cash consideration of £17mn.
05 October 2012
Swiss Re loses chief investment officer
Swiss Re's chief investment officer David Blumer is to step down at the end of the month after four years at the firm.
05 October 2012
Lloyd’s cannot rely on LOCs in the long-term: S&P
In an overwhelmingly positive report about the Lloyd's market, ratings agency Standard & Poor's (S&P) has warned that Lime Street will not be able to rely on letters of credit (LOCs) for its capitalisation in the long-term.
05 October 2012
Marsh: Insurance rate rises flatten in Q3
After improving for three consecutive quarters, renewal rates across a number of lines of global commercial business flattened off in the third quarter
05 October 2012
Benign September for insured cat losses, but flood risks grow
Despite economic losses from heavy flooding in Asia, September proved another relatively benign month for insured catastrophe losses.
05 October 2012
IOA launches agency acquisition vehicle with Dowling
Florida-based Insurance Office of America (IOA) has launched a new US personal lines broker, Eagle American Insurance Agency, which will acquire agencies and business portfolios, predominantly along the Eastern seaboard.
04 October 2012
Crop and Isaac losses to cost Allied World $45mn-$50mn
Allied World estimates it will take a $40mn charge relating to crop reinsurance losses and loss expenses in its third quarter results
04 October 2012
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