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South of England P&I club to cancel cover
The liquidators appointed to the South of England Protection and Indemnity Association (Bermuda) (Sepia) are set to cancel policies this month as the company is wound up
07 December 2011
The wrong type of cat losses
To the Cuthbert Heaths of today, this year's $90bn+ of losses may be good news...
07 December 2011
Lloyd’s at new record size for 2012
Lloyd's is cautiously preparing to flex its muscles in 2012, with market capacity set to increase by around 3 percent to £23.7bn
07 December 2011
NZ church insurer placed in run-off
Church and charity mutual insurer Ecclesiastical Insurance has placed its New Zealand subsidiary Ansvar New Zealand into run-off following a decision earlier this year to withdraw from providing new cover after the Christchurch earthquakes
07 December 2011
Reinsurers and brokers square up for late renewal
US cat prices are expected to be up 10-15% and Europe flat as underwriters and brokers spar right up until the final bell of what are widely expected to be the most difficult 1 January cat reinsurance renewals since 2006...
07 December 2011
Berkley sees Thailand as a $20bn event
WR Berkley founder and CEO Bill Berkley has underlined the extreme uncertainty over insured losses from the Thailand floods by estimating industry losses of $20bn
07 December 2011
Moody’s downgrades State Auto on storm losses
Moody's has followed AM Best in downgrading US insurer State Auto Financial Corporation, which has been severely impacted by tornado, hailstorm and hurricane losses in 2011.
07 December 2011
Record $209mn settlement over US mining deaths
Alpha Natural Resources (ANR) has agreed to pay $209mn to settle civil and criminal penalties imposed by Federal prosecutors relating to the April 2010 explosion at the Upper Big Branch mine in West Virginia.
07 December 2011
Aon Benfield puts Thai losses at $10bn+
Broker Aon Benfield says Thailand flooding may cost the (re)insurance industry more than $10bn, after Swiss Re this morning estimated insured losses at $8-11bn from the disaster.
06 December 2011
THB sale on track for January completion
The latest stock exchange announcement from UK-listed Thompson Heath & Bond (THB) shows the broker is firmly on track to complete its £32mn sale to US wholesaler AmWins in January
06 December 2011
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