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RSA to run off Czech motor insurer
RSA has placed a Czech motor insurance subsidiary in run-off, which will add a £10mn restructuring charge to the group's half-year result
25 June 2012
Robinson takes Omega to court in Bermuda
Omega's founder and former underwriting chief John Robinson is taking the insurer to court in Bermuda ahead of its sale to Canopius
25 June 2012
Former Gen Re and AIG execs reach agreement with prosecutors
The four former General Re executives and one AIG executive accused of defrauding investors through a phoney reinsurance transaction in 2000 have reached a resolution of the criminal case, according to a court filing.
22 June 2012
GEICO tops advertising league table with $1bn spend
GEICO Corp's high profile television commercials saw the Berkshire Hathaway auto insurance subsidiary once again outspend its US P&C peers on advertising in 2011.
22 June 2012
Lloyd’s modifies catastrophe guidelines
In a move which is likely to have a substantial impact on syndicate business planning for 2013, Lloyd's has decided to relax its requirements regarding exposure to a major catastrophic event.
22 June 2012
AIG censures airplane-leasing CEO
AIG has drafted in one of its own non-executive directors, Laurette Koellner, to fill the new role of executive chairman at the International Lease Finance Corporation (ILFC) as it seeks to defuse a personnel row
22 June 2012
Dallas storm loss estimate drops to under $1bn
The Insurance Council of Texas (ICT) has estimated insured losses from the recent hailstorms in Dallas at just under $1bn, significantly less than the $2bn figure put forward by another local trade body last week.
21 June 2012
Typhoon Guchol to cost less than $500mn - Eqecat
Typhoon Guchol, the first super typhoon of the 2012 season, is likely to cause insured losses in Japan of less than $500mn, according to cat modeller Eqecat.
21 June 2012
Winners revealed at Trading Risk Awards
The winners of the 2012 Trading Risk Awards were revealed at a ceremony hosted in London last night by our sister publication
21 June 2012
Capital market issues aid legacy sector
Uncertainty in the capital markets and depressed investment income are focusing the wider (re)insurance industry on the value that legacy solutions can create, a panel of senior legacy professionals has said
21 June 2012
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