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Measures to ease Florida hurricane exposures flounder
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)
12 March 2012
Australian insurers declare catastrophe for NSW and Victorian floods
The latest bout of flooding in south eastern Australia as prompted industry body the Insurance Council of Australia (ICA) to declare widespread areas of New South Wales (NSW) as catastrophe zones.
09 March 2012
Vestar exec steps down from Validus board
Bermudian reinsurer Validus Holdings is to lose a long-serving director on its board. Sander Levy has resigned and will step down on 2 May.
09 March 2012
EC insurance chief defends Solvency II against Cameron criticism
European Commission (EC) head of insurance and pensions Karel van Hulle has defended Solvency II against criticism from UK Prime Minister David Cameron, pointing to the fact that "all parties were involved" during the development process.
09 March 2012
Lloyd & Partners profits up 15% in 2011
Jardine Lloyd Thompson (JLT)'s wholesale broker Lloyd & Partners has reported 2011 full-year profits of £14.3mn - up 14.7 percent on the preceding year
08 March 2012
US Treasury launches $6bn AIG stake sale
The US Treasury is selling up to $6bn of American International Group (AIG) stock, of which AIG plans to repurchase $3bn, as the parties work towards a further repayment of the insurer's debt to the US government.
08 March 2012
Generali to spin off 69% stake in Israeli insurer Migdal
Generali Re has agreed to sell its 69.1 percent stake in Migdal, Israel's largest insurer, for EUR835mn in cash to businessman Shlomo Eliahu
08 March 2012
Zenkyoren firm order pricing in market
One year after the devastating Tohoku earthquake, the industry’s largest property cat reinsurance programme Zenkyoren is in the market ahead of the 1.4 renewal with firm order pricing showing a sizeable hike in the rate on line.
08 March 2012
2011 cats separate winners and losers
Unsurprisingly in such a heavy year for cat losses, The Insurance Insider Data Room's composite of publicly quoted Lloyd's underwriters lost money in 2011. The Insurance Insider has a comprehensive analysis of the quoted Lloyd's sector
08 March 2012
Syndicate 386 once again earns Lime Street bragging rights
Closing results for 2009 from non-aligned Lloyd's syndicates have come in ahead of forecasts, with top performer QBE Syndicate 386 reporting a 43.1 percent profit on capacity
08 March 2012
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