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RSA takes global view in specialty reshuffle
UK-listed insurer RSA has combined its regional specialty lines divisions to form three global units in a push to write more global programmes.
21 May 2012
Insurance market growth to outstrip GDP in Arabian Gulf
Sixty percent of insurance companies active in the Arabian Gulf expect the market to grow ahead of the region's GDP, according to the new GCC Insurance Barometer
21 May 2012
Former Ariel Holdings CFO takes Atrium chairman role
Rick Lutenski, CFO of Ariel Holdings prior to the deal with Goldman Sachs, has been appointed chairman of Lloyd's insurer Atrium Underwriting Group, The Insurance Insider can reveal.
21 May 2012
Italy’s industrial heart rocked by quake
A magnitude 6.0 earthquake caused widespread damage to Italy's industrial north-east on Sunday (20 May), killing at least six people
21 May 2012
Global (re)insurance stocks hit hard by Greek Euro fears
Global (re)insurance stocks closed down heavily this week as political turmoil weighed heavily on equities with euro exposures.
19 May 2012
Best affirms A- Rating for Flagstone but negative outlook sticks
Rating agency AM Best has rewarded the self-help work by management at Flagstone Re by affirming the reinsurer's credit rating, citing significant progress in de-risking the balance sheet and improving enterprise risk management.
18 May 2012
Kiln narrows 2011 profit forecasts
Kiln has reduced the profit forecasts for most of its four non-aligned syndicates for the 2010 and 2011 years of account
18 May 2012
3i marks down ACR valuation by 19.7% as Berkshire quota share confirmed
UK private equity group 3i has marked down the valuation of its equity stake in Singapore-headquartered Asia Capital Re Holdings (ACR) by 19.7 percent following an "unprecedented year" for natural catastrophes in the Asia-Pacific region.
18 May 2012
Japanese big three add $800mn to Thai loss estimates
Japan's big three insurers have bolstered their reserves for last year's Thai floods by $800mn to take their combined net loss to $6.39bn, but none mentioned the size of their gross losses in their disclosure documents
18 May 2012
RenRe retro sidecar expected to renew
RenaissanceRe's temporary retro sidecar Upsilon Re is likely to continue writing business into 2013, the property cat specialist said
18 May 2012
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