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Lloyd’s chairman and CEO bearish on rate rises
Lloyd's senior management hold a bearish view on rates in the run up to the key 1 January reinsurance renewal because of excess capital in the sector
14 September 2011
Transatlantic and Allied World off CreditWatch as merger chances <50%: S&P
Standard & Poor's has taken Transatlantic and Allied World off CreditWatch because it believes the chances of the US reinsurer's shareholders voting in favour of a merger between the companies has fallen to less than 50 percent.
14 September 2011
McKeown takes vice chairman role as Guy Carpenter restructures in the US
Guy Carpenter has further reshuffled its pack of senior executives as part of a restructure of its US operations.
13 September 2011
Texas wildfire losses could hit $250mn
Total insured losses for the wildfires that have plagued Texas for the week beginning with the Labor Day weekend could hit $250mn, according to the Insurance Council of Texas.
13 September 2011
US commercial insurance rates up 1.5% in Q2
Reinsurers pushing for rate rises at 1 January will be further boosted by fresh evidence that underlying business in the world's largest insurance market is beginning to turn
13 September 2011
North American CRO Council launched
The chief risk officers (CROs) of US insurers now have their own professional association with the formation of the North American CRO Council
13 September 2011
Groupama faces further S&P downgrade
Groupama is in line for another downgrade of up to two notches just five months after it lost its A- rating from Standard & Poor's (S&P). The firm continues to be challenged by volatile capital markets and its exposure to sovereign debt.
13 September 2011
Berkshire to go legacy shopping in Europe
Berkshire Hathaway is ready to take its shopping trolley to continental Europe to pick up discontinued insurance business, according to a key executive of the Warren Buffett-led firm.
13 September 2011
Canopius matches Byrne’s price with new Omega offer
Canopius has submitted a new indicative offer to acquire 100 percent of Omega's stock for 83p per share, matching the price of the tender offer that Mark Byrne's Haverford made yesterday for 25 percent of the company.
13 September 2011
Tawa targets turnkey service for company market
Insurance services provider and run-off acquirer Tawa is in talks with "several" potential clients about plans to provide a turnkey service in the London company market, The Insurance Insider can reveal
13 September 2011
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