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Lancashire’s share price slumps on profit taking
Shares of short-tail specialist Lancashire have fallen nearly 8 percent over the past two weeks, ending a period of rocket-fuelled performance for the London-based (re)insurer.
16 May 2012
Texas tornado losses ‘hit $1bn’
Insured losses from the tornadoes that devastated parts of Texas in April are likely to reach $1bn, with more bad weather expected in May, according to the Insurance Council of Texas
16 May 2012
Bond Pearce hires Clyde & Co insurance partner
UK law firm Bond Pearce has added a new partner, Simon Gildener, to its insurance professional risks team in London.
16 May 2012
Dual to launch in Singapore in Asian rollout
Dual, the underwriting arm of London-headquartered broking and MGA group Hyperion, has announced the launch of Dual Singapore in the second half of the year.
16 May 2012
Xchanging in line
Insurance service provider Xchanging says trading in the first four months of 2012 has been in line with expectations.
16 May 2012
Omega predicts further cat rate rises
Contested takeover target Omega Holdings dropped its top line by 7 percent in the first quarter as the effects from discontinued business kicked in
16 May 2012
Sony confirms $805mn Thai floods loss
Electronics giant Sony has officially notified the (re)insurance market that it will be making an $805mn claim relating to losses sustained during last year's Thai floods, The Insurance Insider can reveal.
15 May 2012
Charles Taylor results on course as refocus continues
Insurance services provider Charles Taylor Consulting says its professional services division has performed in line with or slightly above expectations during the first quarter
15 May 2012
Rena loss creeps out to $325mn
The estimated ground-up P&I cost for the October 2011 Rena loss has risen recently to $325mn, The Insurance Insider can reveal
15 May 2012
Allianz cuts 5% from P&C combined ratio
Allianz shaved its P&C segment's first-quarter combined ratio by 5.1 percentage points to 96.2 percent as it benefited from significantly lower natural catastrophe cat claims
15 May 2012
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