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Aon Benfield still negative on US reinsurance rates
Aon Benfield remains the sole dissenting voice on rate increases at the mid-year renewals, reporting pricing on Florida renewals flat to down 5 percent
06 July 2011
Alterra brings $50mn outside capital into New Point sidecar
(Re)insurer Alterra and private equity partner Stone Point Capital have signed up six investors to join them in funding their New Point IV sidecar launched earlier this year.
06 July 2011
Emerging markets fuel industry growth
The global insurance industry returned to growth in 2010, lifting premium income 2.7 percent following strong performance from emerging markets, a Swiss Re study has revealed
06 July 2011
Transatlantic unveils modest $35mn Q2 cat losses
Merger candidate Transatlantic Holdings has said it is expecting a modest $35mn charge from total net catastrophe events during the second quarter
06 July 2011
Workers’ comp rates up as US P&C softening eases
Workers' compensation looks to be the line of business leading the US property casualty (P&C) market on its slow journey out of the soft phase of the pricing cycle, according to the latest data from MarketScout.
06 July 2011
Scor draws on EUR75mn contingent capital as Q1 cat bill rises
French-headquartered reinsurer Scor will draw down the first EUR75mn tranche of its contingent capital credit line from investment bank UBS after lifting its first-quarter catastrophe loss estimates by EUR10-15mn.
05 July 2011
Haverford would keep Pexton as Omega CEO
If Haverford succeeded in its bid to take over Omega the incumbent CEO Richard Pexton would remain in place, according to a well-placed source
05 July 2011
City Minister faces down senior UK insurance execs
City minister Mark Hoban faced down stiff criticism from an audience of senior London market executives when he addressed The Insurance Insider's London 100 group
05 July 2011
Generali's former chairman given 4-year sentence
Cesare Geronzi, former chairman of European insurance giant Assicurazioni Generali, was given a four-year sentence by an Italian tribunal yesterday (4 July) for his role in the bankruptcy of food producer Cirio.
05 July 2011
Hayes set to rejoin Richardson at RK Harrison
Amanda Hayes, the senior Aon Benfield Fac executive who resigned earlier this year to join BMS, will instead join RK Harrison, The Insurance Insider can reveal
05 July 2011
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