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Lloyd’s dour tone contrasts with upbeat US
Lloyd's struck a notably downbeat tone last week on pricing momentum for specialty (re)insurance business while posting an impressive market-wide £1.53bn pre-tax bottom line for the first half of 2012.
01 October 2012
Mexico seeks $300mn cat bond renewal
Swiss Re is seeking $300mn for a renewal of the MultiCat Mexico cat bond on behalf of the Mexican government's disaster fund.
01 October 2012
Lloyd’s underlying combined ratio rises 6 points
Despite a strong headline performance, Lloyd's underlying combined ratio increased by more than 6 percentage points to a level that has only been exceeded once in the seven years since Hurricane Katrina.
01 October 2012
Non-traditional products to drive casualty reinsurance growth
The underlying trend for insurers to increase retentions on traditional excess-of-loss US casualty reinsurance programmes is expected to continue, according to Bill Eyre, managing director of Towers Watson's reinsurance brokerage.
01 October 2012
Pricing and interest rates preoccupy CEOs at CIAB
With the Council of Insurance Agents & Brokers' (CIAB) 2012 Insurance Leadership Forum in full swing, there are two common topics of conversation among reinsurers, insurers, brokers and clients in Colorado Springs.
01 October 2012
Memorable quotes from the CIAB Industry Town Hall meeting
"We've been riding the coat tails for several years, Christmas is over and it's time to start really being disciplined again"
01 October 2012
Competition keeps pressure on UK solicitors’ PI rates
Another competitive renewal for UK solicitors' professional indemnity (PI) has seen rates continue their trajectory of mild softening.
01 October 2012
Up-for-sale Tawa hit by staff departures
London-listed Tawa has been struck by a series of key staff departures just as the up-for-sale company is trying to persuade investors of its attractiveness following a series of trading setbacks in 2011-12, The Insurance Insider can reveal.
01 October 2012
Argo puts Lloyd’s 2013 sidecar plans on ice
Bermudian (re)insurer Argo will not proceed with a special purpose syndicate (SPS) at Lloyd's to support its 2013 underwriting, The Insurance Insider understands.
01 October 2012
Lemma Europe in liquidation
Lemma Europe Insurance Company has been placed in liquidation after its Ukrainian sister company "failed to honour" its reinsurance agreements with the Gibraltar-based firm, according to the Financial Services Commission of Gibraltar (FSC)
01 October 2012
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