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US insurers' profit dives 70% in first nine months
US P&C insurers turned an industry-wide profit of $8bn over the first nine months of 2011, 70 percent down from the $27.1bn reported for the same period last year
28 December 2011
Aon wins injunction in Alliant poaching case
A New York court has given Aon a victory in a long-running legal battle against rival broker Alliant by granting an injunction against former senior Aon construction broking executive Michael Cusack and his new employer.
28 December 2011
Dagmar could be third worst Norwegian storm of last 50 years
Norway's Meteorological Institute has described windstorm Dagmar, which ripped across Norway, Sweden and central Finland on Christmas Day as possibly the third worst windstorm to strike the country in the past 50 years.
28 December 2011
February date set for Transatlantic merger vote
Transatlantic shareholders will vote at a special meeting on 6 February on the reinsurer's previously announced merger with Alleghany Corporation.
28 December 2011
Chartis hires Torus CUO for global property role
Bob Klepper, the former chief underwriting officer at Torus, is set to join Chartis as chief global property officer, our sister title Inside FAC understands.
23 December 2011
R&Q adds to growing MGA platform with yacht and marine portfolio
Randall & Quilter has completed the purchase of a Yacht and Marine Trades portfolio from Underwriting Risk Services (URS) for a nominal consideration, providing further evidence of the company's drive to beef up its MGA offerings.
23 December 2011
Tornadoes may be the new hurricanes, warns Travelers
In a presentation earlier this month, P&C insurer Travelers flagged up the recent trend for tornado losses to outpace hurricane losses in the US.
23 December 2011
Amlin closes Tramline cat bond
Lloyd's insurer Amlin closed its first cat bond Tramline Re at $150mn or double the initial target size, as revealed by our sister title Trading Risk earlier this week
23 December 2011
US insurers give cautious welcome to systemic risk proposals
Insurance groups in the US have broadly welcomed proposals from the Financial Stability Oversight Council (FSOC) on identifying non-bank systemically important financial institutions (SIFIs), but said some points required further clarification
23 December 2011
Study finds greater private insurance role for US flood risks
Private insurers could play a greater role in the provision of flood insurance in the US, according to an academic study.
23 December 2011
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