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  • Airline insurance rates have continued to trend down in 2012 as the industry's unusually benign loss record puts downward pressure on rates, despite exposure increases.
  • Florida state insurer Citizens Property Insurance has come out fighting to defend the cost of its reinsurance spending after local media criticised the organisation's travel expenses.
  • The sale of Flagstone's Lloyd's segment to Matt Fairfield's start-up ANV has completed today (20 August), according to an announcement from the Bermudian reinsurer.
  • Profits at independent London market reinsurance broker Alwen Hough Johnson (AHJ) climbed by 45 percent in 2011, as its bottom line benefited from the first of a series of payments from London peer BMS.
  • Lloyd's syndicates are continuing to make gains on their "open year" forecast results from the 2010-11 underwriting years that were affected by cat losses, but they won't be sufficient to turn last year into a profit.
  • Third Point Re is looking to raise third party funds to capitalise an off-balance sheet vehicle to write property cat business, The Insurance Insider can reveal.
  • QBE, the second largest writer of multi-peril crop insurance (MCPI), has said that it expects its net crop losses from the drought conditions in the US to amount to just $30mn.
  • QBE's share price plunged by as much as 10 percent in intra-day trading after its half-year results were released last week.
  • After months of M&A speculation Flagstone has said that it is well set to continue as a standalone business.
  • Canopius has moved closer to the conclusion of its long-meditated takeover of Lloyd's peer Omega after it secured the final regulatory approval needed for the deal to complete.