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Christchurch rebuilding decisions imminent
The New Zealand government is set to release an update on the future of Christchurch overnight (22/23 June) to give more information on which suburbs may have to be abandoned under reconstruction plans.
22 June 2011
Lancashire upgraded to A by AM Best
Bermudian specialty (re)insurer Lancashire has had its insurer financial strength rating upgraded to A from A- by AM Best following "strong operating results since inception"
22 June 2011
Aon Benfield estimates $15bn industry loss for US storms
Aon Benfield has estimated that insured losses for the powerful tornado outbreaks that struck the US in April and May total $15bn
22 June 2011
Hooper confirmed as Cooper Gay CEO
London-headquartered wholesale and reinsurance broking group Cooper Gay Swett & Crawford has confirmed the appointment of Shaun Hooper as CEO of the its Lloyd's and London market division Cooper Gay & Co.
22 June 2011
Aon gains court order to plug US construction leak
Aon has obtained a temporary court order in Illinois to restrain its former construction services CEO Peter Arkley and other senior executives from seeking to poach clients or former colleagues, The Insurance Insider understands
22 June 2011
Montalvo: No delay to Solvency II
Carlos Montalvo, the executive director of the European Insurance and Occupational Pensions Authority (Eiopa), has dismissed reports that Solvency II would not be fully implemented on schedule on 1 January 2013
22 June 2011
R&Q confirms capital ambitions and M&A appetite
Randall & Quilter (R&Q) is hopeful of completing its drive for additional capital over the summer months to help target larger-scale acquisitions, investors at the expansive UK run-off acquirer's AGM will be told today
22 June 2011
WR Berkley’s US storm losses more than double budget
WR Berkley is facing a $65mn hit from the severe storms that struck the US during April and May - more than double its budgeted allowance for the second quarter
22 June 2011
Contractor agrees $75mn Deepwater settlement with BP
Swiss-based oilfield services company Weatherford international has agreed an insurance-funded $75mn settlement with BP over claims relating to the Deepwater Horizon disaster.
21 June 2011
Travelers plots international expansion as J Malucelli deal completes
US insurance giant Travelers has completed its acquisition of a 43 percent stake in Brazilian surety insurer J Malucelli as part of the US insurance giant's push into emerging markets.
21 June 2011
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