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Aviation market continues to soften
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.
20 August 2012
Citizens defends reinsurance expenses
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.
20 August 2012
ANV completes Flagstone Lloyd’s purchase
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.
20 August 2012
AHJ profits strengthen on BMS buyback
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.
20 August 2012
Lloyd’s syndicate 2010-11 losses edge down
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.
20 August 2012
Third Point Re targets third party funds for property cat vehicle
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.
20 August 2012
QBE and Zurich play down 2012 crop loss fears
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.
20 August 2012
Results announcement hurts QBE share price
QBE's share price plunged by as much as 10 percent in intra-day trading after its half-year results were released last week.
20 August 2012
Flagstone Re 'nicely positioned' to go it alone
After months of M&A speculation Flagstone has said that it is well set to continue as a standalone business.
20 August 2012
Omega heads for de-listing as final approval received
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.
20 August 2012
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