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  • Low interest rates over the past three years have been a bigger shock to the reinsurance industry than the catastrophe losses of 2010-2011, Swiss Re said at a Monte Carlo press conference today (12 September)
  • Reported reinsurance losses from March's Great Tohoku earthquake will inevitably rise as the claims develop, according to Willis Re CEO Steve Hearn
  • Catastrophe modelling firm AIR Worldwide (AIR) released updates to its European wind and earthquake cat risk models today (12 September), with both models having been expanded to include additional countries.
  • It is sometimes surprising how philosophical discussions can become, often at times when it is least expected. And so it was when an erudite crop of industry rainmakers gathered atop London's "Gherkin" in midsummer for our London Market Roundtable
  • The merger of R J Kiln managed Lloyd's syndicates 510 and 807 has been approved by Lloyd's with effect from the commencement of the 2012 year of account.
  • Global (re)insurer Ace has acquired Penn Millers Holding Corporation for $107mn in cash, at a price of $20.50 per share.
  • RSA Insurance Group has appointed Jos Streppel as a non-executive director, effective from 3 October.
  • US insurer Travelers has appointed Richard Coello as assistant general manager for professional risks.
  • The long-running saga into the ownership structure of Lloyd's (re)insurer Omega may have finally been resolved following a cash offer from Flagstone Re founder Mark Byrne to acquire a 25 percent stake in the business today (12 September)
  • Disposable reinsurance is returning as underwriters wait for the markets to ignite. IQ takes a look at what's hot and what's not in capital terms