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Europe non-life growth eclipsed by life decline in 2011
European insurance premiums dropped 1.5 percent in 2011 to take gross written premiums to EUR1,089bn as declining life business outweighed growth in the non-life industry, according to statistics from the European (re)insurance federation Insurance Europe.
31 May 2012
Collateralised writers pick up $200mn of TWIA cover
Collateralised writers thought to include hedge fund Nephila are believed to have dominated the $200mn single shot portion of the circa $850mn xs $2.3bn reinsurance programme bought by the Texas Windstorm Insurance Association (TWIA)
31 May 2012
State Farm, Nationwide and Allstate drop cat cover
US heavyweight insurers State Farm and Nationwide have dropped further cat cover at 1 June, something which may have helped them to achieve flat renewal terms, The Insurance Insider has learned
31 May 2012
Argenta withdrawal leaves Canopius sitting pretty
Argenta and its major backer Alasdair Locke have withdrawn their interest in acquiring Omega, removing the last meaningful obstacle to Canopius's long-meditated acquisition of the Lloyd's (re)insurer, The Insurance Insider understands
31 May 2012
ACR held talks to buy Argenta 1965
Asia Capital Re (ACR) was in takeover talks with Argenta-managed Syndicate 1965 ahead of the Thai floods last year, demonstrating that ACR has had a desire to get into Lloyd's for longer than was widely known
31 May 2012
Flagstone gives ANV more time to finalise bid
Flagstone Re has agreed to give ANV more time to finalise its takeover offer, The Insurance Insider understands, in the clearest indication yet that it is the board's preferred buyer
31 May 2012
P&I early reporters produce diverging 2011/12 results
As the annual reporting season for the International Group (IG) of protection and indemnity (P&I) clubs gets underway the first reporting group has revealed a major divergence in underwriting experience for the 2011/12 financial year to 20 February
31 May 2012
Well-supported Costa renews up 56%
The 1 June renewal of the loss-hit Costa Crociere hull insurance programme, which imposed a 56 percent premium increase, was well supported by existing underwriters, The Insurance Insider can reveal
31 May 2012
Integration costs carry Heath Lambert to 9-month loss
Heath Lambert registered a negative Ebitdac of $3.7mn for the last nine months of 2011 as its bottom line was weighed down by integration costs following its acquisition by AJ Gallagher International
31 May 2012
Berkshire Hathaway bets big on EQC programme
Berkshire Hathaway has put down lines on the renewing New Zealand Earthquake Commission (EQC) programme that amount to around NZ$500mn of the NZ$3.25bn purchased limit, The Insurance Insider understands
31 May 2012
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