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Choppy waters
Costa Concordia losses may be soaring, but P&I club renewals are likely to become the real story for the marine sector in 2012/13
15 June 2012
The beatitude
Sometimes we gaze out on this wild and wonderful world of risk and find it amazing that anyone in our business should be sufficiently prescient or have a worldview robust enough to formulate anything approaching a strategy
15 June 2012
AIG bailout down to $30bn
AIG has celebrated another "significant milestone" in its efforts to put its 2008 bailout behind it with the total repayment of the outstanding loan to the Federal Reserve Bank of New York contained in Maiden Lane III.
15 June 2012
Odyssey Re wins circa $300mn Universal QS from Everest Re
Odyssey Re looks set to record solid top line growth after winning the circa $300mn quota share account for Florida insurer Universal Property & Casualty Insurance Company (UPCIC) from rival reinsurer Everest Re.
14 June 2012
Firming US market rates to boost broker growth: Moody’s
A moderate firming in the US P&C market combined with a gradual economic recovery is expected to boost brokerage revenue over the next year, according to rating agency Moody's.
14 June 2012
AM Best goes positive on Ironshore
Rating agency AM Best has upgraded the outlook of specialty insurance group Ironshore to positive, citing the firm's progress at building a respected franchise and developing strong distribution channels.
14 June 2012
UK Lords argue for ‘proportionate, reasonable and fair' financial law
Members of the UK's upper legislative chamber have argued in favour of financial services reforms that would bind future regulators to act in a proportionate, reasonable and fair manner.
14 June 2012
European cyber market growth expected in 2014
Cyber risk cover in Europe is set to soar in the next two years when EU data privacy regulation is issued, according to a cyber specialist broker
14 June 2012
Private equity start-up buys offshore casualty reinsurer
New York private equity firm Southport Lane has bought a Cayman Islands workers' compensation and liability reinsurer in its second insurance-related acquisition in two weeks
14 June 2012
Former Dewey partner sues bankrupt firm’s leaders
Former Dewey & LeBoeuf partner Henry Bunsow has sued the fallen law firm's leaders including chairman Steven Davis, alleging that they misrepresented the firm's finances
14 June 2012
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