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Icat mulls ILS amid reinsurance pricing squeeze
US cat-exposed small commercial insurance specialist Icat Syndicate 4242 is rethinking its reinsurance structure as rates rise ahead of the prices it can charge its own clients
30 March 2012
Live market welcomes UK Supreme Court mesothelioma ruling
A UK Supreme Court ruling has opened the floodgates for thousands of asbestos-related claims on employers' liability (EL) policies, in a move welcomed by the live UK insurance market.
28 March 2012
Canopius re-enters Omega takeover battle
Lloyd's (re)insurer Canopius has laid down the gauntlet to Omega's other suitors with a fresh all-cash offer, as evidence of renewed life in the M&A process continues to proliferate, The Insurance Insider can reveal
28 March 2012
Energy market fears BI losses from Elgin gas leak
Energy (re)insurers are keeping a close eye on developments at the North Sea gas platform operated by French company Total, as an ongoing gas leak prompts talk of a six-month delay in order to drill a relief well
28 March 2012
R&Q buys Guernsey run-off captive
Randall and Quilter (R&Q) has completed the acquisition of Northern Food's run-off captive insurer, NFIL, for a cash consideration of £706,000 using existing resources.
28 March 2012
Swiss Re puts Thai industry loss at $12bn
Swiss Re's Sigma research unit has raised its industry loss forecast for the Thai flooding disaster to $12bn, helping take the estimate for total 2011 natural catastrophe insured losses to $116bn
28 March 2012
Lloyd’s falls to £500mn loss on record cat bill
Lloyd's posted a pre-tax loss of £516mn ($800mn) in 2011 as it endured unprecedented cat losses of £4.6bn ($7.4bn)
28 March 2012
Lloyds softens stance on broker profit commission rules
Lloyds has softened its broker remuneration rules and said managing agents can allow profit commission to a broker if they use the new form of terms of business agreement (TOBA) and comply with other standards.
28 March 2012
US taxpayer to profit from AIG - Benmosche
The US government should make a profit of up to $5bn to $10bn on its investment and lending to AIG, according to the company's CEO Robert Benmosche.
27 March 2012
Omega hints at bidder in ambiguous statement
Omega has implied that it may have received a takeover offer in a statement released the day after The Insurance Insider linked the Lloyd's carrier with a number of approaches.
27 March 2012
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