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Torus reinsurance exec to resurface at Brit
Former Torus leading light Jon Sullivan is to become the new head of the property treaty reinsurance division at Brit Insurance.
08 July 2011
MBIA D&O insurers must pay probe costs
A federal appeals court has ruled that MBIA Inc should be awarded $30mn under the terms of its directors' and officers' cover for costs accrued during federal and state regulator investigations
07 July 2011
WTC litigation can proceed
The Port Authority of New York can be sued for negligence for the collapse of one of the World Trade Center buildings, a US appeal court ruled
07 July 2011
Moody’s positive on UK prudential plans
The publication of the FCA guidelines came as Moody's announced that the details outlined so far on the prudential aspect of the new UK regime will be considered "ratings positive"
07 July 2011
TWIA reforms poised to become law
Texan lawmakers have finally agreed legislation on reforming the Texas Windstorm Insurance Association before a special session of congress expired
07 July 2011
NFIP reform debate drags on
The Senate Banking Committee heard further arguments for overhauling the National Flood Insurance Program, with pressure building to reform the indebted programme before its scheduled lapse on 30 September
07 July 2011
RenRe sidecar posts $153mn Q1 net cat loss
RenaissanceRe affiliate DaVinci Re suffered $152.9mn of net cat losses in the first quarter, turning in a combined ratio of 246.3 percent, according to Moody's
07 July 2011
Scor triggers EUR75mn UBS contingent deal
French reinsurer Scor has issued EUR75mn of new shares as its contingent capital deal with investment bank UBS triggered on rising first-quarter catastrophe loss estimates
07 July 2011
Ifex products put on ice
The Intercontinental Exchange began delisting Ifex catastrophe-linked derivatives this month
07 July 2011
Giant duo see reinsurance rates leap
Australian insurer Suncorp and Japanese co-operative Zenkyoren are widely thought to be two of the largest international (non-US) cat excess of loss (XoL) treaties in the market, with over $13bn of net limit between them
07 July 2011
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