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  • Provided it can sidestep any obstacles from shareholders, the transaction to create TransAllied will be another boon for a Swiss reinsurance market fast gaining traction as a domicile of choice
  • It's just not fair - some countries seem to just be born lucky, don't they?
  • Further evidence of a push for consolidation among the insurance-specialist London law firms has emerged after Beachcroft and Davies Arnold Cooper (DAC) admitted they are in talks over a potential merger
  • Aspen Insurance Holdings has said it will take an estimated $60mn in net losses from the storms that struck the US in April and May
  • First-time cat bond issuer Argo Group has described its $100mn Loma Re transaction as the most efficient way to expand its reinsurance and retro programmes ahead of this year's US wind season
  • The aggregate profitability of US P&C insurers diminished during the first quarter of 2011 as the combined ratio widened sharply to 102.2 percent, offsetting growing written premiums and increased investment income
  • Texan lawmakers may be forced into another special session of congress if they fail to agree to adequate reforms of the state-backed Texas Windstorm Insurance Association (TWIA)
  • Hector Sants, chief executive of UK regulator the Financial Services Authority (FSA), has suggested that UK insurers that aren't ready for Solvency II by 2013 might be given some wriggle room
  • Swiss Re has appointed Christian Mumenthaler to the new role of CEO of the firm's reinsurance subsidiary, Swiss Reinsurance Company, effective from October.
  • A series of decisions made by BP in the two weeks leading up to the Macondo blowout compromised the integrity of the well, and compounded the likelihood of its failure, according to an internal report released by Deepwater Horizon rig owner Transocean today (22 June).