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US P&C pricing gaining positive momentum
US P&C insurance pricing trends are showing positive momentum with growing indications of a possible full market turn in 2013, Barclays Capital analyst Jay Gelb has said
05 January 2012
Ascot to head up new power and utilities consortium
Chartis-backed Lloyd's (re)insurer Ascot Underwriting has formed a new consortium in association with Brit Insurance, QBE Insurance Group and model developer Sciemus to underwrite power and utilities business.
04 January 2012
Active underwriter Fitzgerald exits Prosight
Neil Fitzgerald, founding active underwriter of Lloyd's specialist engineering syndicate TSM 1110, has left the company a month after it was acquired by private equity-backed insurer Prosight Specialty Underwriters.
04 January 2012
Munich Re names 2011 record cat year
Insured losses from 2011 disasters hit a new record at $105bn, passing the previous high of $101bn set in 2005, according to estimates from Munich Re.
04 January 2012
Aon Benfield sees ample capital and competition at 1.1
In its 1 January renewals report Aon Benfield stuck to its undertaking not to make public statements on rate movements, which was made at the Monte Carlo Rendez-Vous in September
04 January 2012
Lloyd’s to re-run Council election
Lloyd's is to re-run its contested Council election following the withdrawal of Willis Group president Grahame Millwater from the ballot.
04 January 2012
IAG secures new cover from ‘challenging’ renewal
Australian insurer IAG has extended its reinsurance programme for 2012, securing a new top layer of earthquake cover and increased aggregate protection for multiple disaster losses
04 January 2012
$3bn in 2011 upstream energy losses despite lack of cats
While the upstream energy market experienced a largely catastrophe-free year, recent significant risk losses have seen the sector's loss total reach nearly $3bn for 2011, according to specialist wholesale broker Lloyd & Partners
04 January 2012
Catlin beefs up marine K&R service with strategic partnerships
Specialty (re)insurer Catlin has formed a partnership with two specialist risk management consultancies that will enhance the services it offers to clients with hijack, kidnap, extortion and wrongful detention exposures
04 January 2012
Gallagher buys Capital Bauer Insurance Agency
Expansive US and international broker Arthur J Gallagher has announced the acquisition of retail broker Capital Bauer Insurance Agency.
04 January 2012
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