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  • Japanese carrier Toa Re has told Standard & Poor's (S&P) that it may have to pay net losses of up to 76.5bn yen ($930mn) on the Thai flooding last year
  • Goldberg Segalla is launching a London market office next month that will be headed by former Barlow Lyde & Gilbert (BLG) partner Clive O'Connell.
  • (Re)insurance start-up ANV has fought off competition from private equity firm Stone Point Capital to acquire Flagstone's Lloyd's business with backing from Canadian state pension funds, The Insurance Insider can reveal
  • Trapped private equity cash searching for an exit is one of the factors suppressing equity valuations in the (re)insurance sector, according to Hiscox Bermuda CEO Charles Dupplin
  • Berkshire Hathaway's decision to deploy capacity in Thailand was prompted by the tightening of terms and conditions to levels more in line with other international markets, Berkshire Hathaway Re managing director of international reinsurance Manfred Seitz has said.
  • Munich Re booked net income of EUR712mn in full-year 2011 as its investment performance, non-P&C reinsurance operations and one-off tax gains helped it to overcome a torrid nat cat year
  • Qatar's exceptional economic performance, stable politics and its role as a regional peacemaker make it ideally suited to lead an integration of the fragmented Middle East (re)insurance market, according to Jose Ribeiro, outgoing director of international markets at Lloyd's
  • The European Commission (EC)'s head of insurance and pensions Karel van Hulle has defended Solvency II against criticism last week from UK prime minister David Cameron, highlighting that "all parties were involved" in the development process.
  • Proposals to downsize Florida's cat fund and residual insurer Citizens failed last week as the state's legislative session closed on Friday (9 March).
  • Aspen was on the wrong end of a judgment on the non-payment of a liability policy in the US that could cost it upwards of $42mn, the carrier's recent 10-k Securities and Exchange Commission filing disclosed.