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Cat 2 Hurricane Jova makes landfall in Mexico
Pacific Hurricane Jova made landfall in Mexico this morning at 5am (GMT) as a weak category 2 storm, according to the US National Hurricane Center
12 October 2011
Endurance promotes new US cat reinsurance exec
Bermudian (re)insurer Endurance has promoted Rene Lamer to the role of senior vice president and head of US property cat treaty reinsurance, reporting to the group head of global cat reinsurance, Stephen Young.
12 October 2011
Platinum sees $98mn loss creep on H1 cats in Q3
Platinum Underwriters Holdings has added $98.3mn to its estimates for first and second quarter catastrophe events as the spectre of loss creep threatens to haunt the sector's third quarter financials.
12 October 2011
QBE is final Lloyd’s Solvency II green light
QBE is the fourth and final managing agent to currently hold a "green light" status under the Lloyd's traffic light system that is being used to measure progress on Solvency II
11 October 2011
Transatlantic confirms 3rd bidder; Flowers linked
Transatlantic Re has confirmed that it has signed a confidentiality agreement with a third potential bidder just hours after The Insurance Insider revealed that it had entered talks, but it has refused to disclose the identity of its new suitor.
11 October 2011
Claims payout delays are ‘scary’: Marsh Ltd CEO
Insurance Institute of London (IIL) president Martin South used his inaugural lecture to call attention to the London market's shortcomings in paying claims
11 October 2011
Kelso & Co invests $250mn in Third Point Re start-up
New York private equity firm Kelso & Co leads a list of blue-chip investors supporting John Berger's nascent January 2012 Bermudian reinsurance start-up, Third Point Re
11 October 2011
30% upside for brave Lime Street investors
Opportunity knocks for investors prepared to take a risk on quoted Lloyd's insurers, according to Espírito Santo Investment Bank analyst Joy Ferneyhough
11 October 2011
Transatlantic Re enters talks with a third potential bidder
The long-running saga over the future of Transatlantic Re is likely to take yet another unexpected twist this week with news of a further potential bidder set to emerge.
11 October 2011
Catco seeks further expansion
London-listed collateralised reinsurance fund manager Catco is considering fundraising options to take advantage of a looming capacity crunch in the high-severity retrocession market at the January 2012 renewals.
10 October 2011
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