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  • The brutal roll-call of catastrophe losses in the first half of the year will drag the reinsurance sector's average combined ratio to 107.9 percent in 2011, according to Fitch Ratings.
  • Although Irene delivered significantly lower insured losses to the industry than first feared, determining the final impact on US primary carriers is likely to be a drawn out process with potential for loss creep.
  • Global broker Willis has added to the growing consensus that an uptick in loss activity in July will not be enough to tip the sluggish status quo in the airline insurance market.
  • The London company insurance market is significantly larger than previously thought and brought in £12.6bn net premium income in 2010, a survey from industry body the International Underwriting Association (IUA) has revealed.
  • In one of his first public speaking roles since stepping down as chief executive of American International Group in 2008, Martin Sullivan will address 300 London market executives and investors later this week.
  • Pre-tax profits at London market independent reinsurance broker Alwen Hough Johnson (AHJ) strengthened by 11 percent to £2.13mn in 2010, but company chairman Hugh Price stressed that readers should not be "deceived" by what they saw at "first glance".
  • Randall & Quilter (R&Q)'s share price dropped 5 percent last Friday (2 September) after its interim results fell below analysts' expectations.
  • Global broker Marsh has agreed to purchase the brokerage business of South African firm Alexander Forbes for upwards of 808.7mn rand ($112.7mn), in a move that will bolster Marsh's African presence.
  • Reinsurers including Axis, Berkshire Hathaway, Platinum Re and RenaissanceRe's Top Layer Re are likely to be affected when the giant Japanese co-operative Zenkyoren increases its March earthquake loss estimate later this month.
  • Tropical Storm Lee has led to the evacuation of more than a third of platforms and rigs in the Gulf of Mexico, according to figures from the US Bureau of Ocean Energy Management, Regulation and Enforcement (Boemre).