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Omega shareholders overwhelmingly support Canopius deal
Omega's sale to Lloyd's peer Canopius is almost certain to go through after more than 90 percent of votes cast by Omega shareholders favoured the £164mn takeover.
11 June 2012
US May storms to cost at least $550mn
Insured losses from May storms in the US could reach at least $550mn, Aon Benfield said in its monthly catastrophe update.
11 June 2012
Endurance seeks insurance and reinsurance CEOs
Endurance Specialty is looking to hire CEOs for both its insurance and reinsurance divisions as it builds its senior management team under group president and CEO David Cash.
11 June 2012
Proportional revamp key to avoiding 2011 repeat
Reinsurers must re-evaluate their proportional reinsurance arrangements in non-peak territories to avoid a repeat of the near-record cat losses that blighted the industry last year, a panel of industry leaders has warned.
11 June 2012
Market faces $177mn ConAgra hit
The US casualty market could be facing a payout of around $174mn following a jury award in Illinois over a 2010 accident at a facility owned by US food conglomerate ConAgra Foods.
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
AM Best rewards Montpelier Re with A upgrade
After a year on positive outlook from AM Best, Montpelier Re was upgraded to A by the ratings agency last week to return to the position it enjoyed pre-Hurricane Katrina.
11 June 2012
Lancashire squeezes new tune from Accordion sidecar
Property catastrophe specialist (re)insurer Lancashire has renewed its flexible sidecar Accordion Re with $250mn of capacity as the retro market continues to offer attractive rates.
11 June 2012
Hammond to drive Lockton international integration
Lockton Companies LLP chairman Mike Hammond is relocating to the US as the broker looks to integrate its international operations more fully to create a platform for further growth, The Insurance Insider can reveal.
11 June 2012
Jain continues Asian expansion with extended tour
Berkshire Hathaway's voracious appetite for Asia Pacific risk appears to be continuing unabated as its (re)insurance division president Ajit Jain takes another extended tour of the region, The Insurance Insider understands.
11 June 2012
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