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Court action over EQC payout limit
New Zealand insurer Tower is taking the state-backed Earthquake Commission (EQC) to court to determine how much the government scheme should pay out to Christchurch householders stricken by multiple earthquakes in the past year.
13 June 2011
(Re)insurance CEOs bemoan ‘ridiculous’ valuations
The P&C (re)insurance sector's historically low valuations have been described as "ridiculous" by a panel of industry leaders, with not enough differentiation between businesses on quality and a surfeit of long-term investors.
13 June 2011
TransAllied deal could spark more Bermuda M&A
The $7bn deal to create TransAllied Group later this year could spur more M&A activity, according to a major equity analyst.
13 June 2011
All hail the $5bn+ club
Back in the early nineties you "only" needed a couple of hundred million dollars to get into the reinsurance game. By the time the class of 2001 came on the scene the price of a perceived entry ticket had risen to $500mn.
13 June 2011
Barbican confirms Omega talks
Carlson Capital-backed Barbican Insurance has confirmed that it is holding talks with listed Lloyd's peer Omega, as The Insurance Insider first reported on 9 May
13 June 2011
Moody's: $7bn TransAllied merger offers 'strategic benefits'
Moody's has placed the ratings of Allied World under review for possible upgrade and affirmed the ratings of Transatlantic Re following the announcement that the two firms will merge
13 June 2011
Allied World and Transatlantic Holdings in $3.2bn merger
Transatlantic Holdings and Allied World Assurance Company Holdings have agreed a $3.2bn "merger of equals" that will create TransAllied Group Holdings AG, a (re)insurer with shareholders' equity of nearly $7bn.
13 June 2011
TWIA confirms $636mn reinsurance cover
The Texas Windstorm Insurance Association (TWIA) has confirmed its purchase of $636mn in reinsurance protection from the private market, a move first revealed by The Insurance Insider.
11 June 2011
Travelers takes $1bn storms loss
Travelers has said it will take about $1bn in catastrophe losses, net of tax and reinsurance, from the tornadoes and storms that struck the US in April and May.
10 June 2011
Kiln buys stake in US force-placed MGA
Lloyd's (re)insurer Kiln has bought a 49 percent share in US managing agency WNC Holdings, which is a specialist in the force-placed insurance market
10 June 2011
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