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Local runner wins Sierra Leone marathon in 2hr 46mins
Local runner Idrissa Kargbo beat a field of 386 runners - including 70 from the UK - to win the inaugural Kiln Sierra Leone marathon on Saturday (9 June)
11 June 2012
Eiopa unfazed by insurer solvency dip
The European Insurance and Occupational Pensions Authority (Eiopa) has said that the majority of insurance companies remain well capitalised under the current Solvency I rules
11 June 2012
Bermuda plugs Solvency II equivalence holes
The Bermuda Monetary Authority (BMA) has established group supervision for the island's insurance market as well as a Bermuda-specific solvency self-assessment for commercial insurers after the jurisdiction was found to have some gaps in Solvency II equivalency last October.
11 June 2012
Chartis to cut 25% off reinsurance spend
American International Group (AIG)'s P&C insurer Chartis is to cut its reinsurance purchasing by up to 25 percent in 2012 across both treaty and facultative programmes, sister title Inside FAC revealed today (11 June)
11 June 2012
Travelers pays 6% spread on new Longpoint
Travelers has issued its new $250mn Longpoint Re III cat bond and will pay investors an insurance-related coupon of 6 percent, our sister title Trading Risk understands.
11 June 2012
Spanish bailout aids exposed European insurance stocks
European insurance stocks with exposure to peripheral Eurozone debt were the major beneficiaries of the global market rally that followed the EUR100bn Spanish banking bailout being announced over the weekend.
11 June 2012
Convergence market hits tipping point
The convergence sector's 14 percent market share of the global cat reinsurance limit placed signifies a watershed in its development, according to Guy Carpenter vice chairman David Priebe.
11 June 2012
Excess capital dampens US P&C CEO spirits
Despite US commercial insurers "doubling" efforts to achieve better underwriting results, the price rises being sought by underwriters are being significantly dampened by excess capital in the marketplace.
11 June 2012
US insurer reserves drying up
US property and casualty insurers have just $11.7bn of redundant reserves left on their books, which at the current rate of release could disappear in just over a year, according to an Aon Benfield study.
11 June 2012
Tolliday's Omega settlement was $3mn
Former Omega CEO Richard Tolliday received around $3mn from the Bermudian reinsurer to drop his case in the out-of-court settlement made in March, The Insurance Insider understands
11 June 2012
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