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  • US wholesale broker CRC has claimed that RT Specialty's mass hire in 2010 cost the company around $575mn in annually placed business, according to court documents.
  • AM Best has thrown its weight behind the growing mass of opinion that US reinsurance rates will harden at the 1 July renewals, leaving Aon Benfield as almost the lone dissenting voice.
  • French mutual insurance group Groupama's insurer financial strength rating has been downgraded from A- to BBB+ by Standard & Poor's (S&P) because of its "material exposure to Greek government bonds".
  • Citizens Property Insurance Corporation's return to the private reinsurance market after a two-year hiatus to purchase up to $580mn of cover has raised hopes that Florida's state-backed insurer will become a consistent buyer of the product.
  • WR Berkley Corp has announced the launch of a London market reinsurer that will begin underwriting in the fourth quarter of 2011.
  • The portion of the New Zealand Earthquake Commission (EQC)'s reinsurance programme that renews at 1 June will see a 130 percent premium increase, market sources explained to The Insurance Insider last week.
  • Bermudian reinsurer White Mountains looks set to end its lengthy wait to enter the Lloyd's market with a syndicate primed for a 1 July start, The Insurance Insider can reveal.
  • French mutual insurance group Groupama's insurer financial strength rating has been downgraded from A- to BBB+ by Standard & Poor's (S&P) because of its "material exposure to Greek government bonds".
  • WR Berkley Corp is launching a London market reinsurer that will begin underwriting in the fourth quarter of 2011
  • AM Best has thrown its weight behind the growing opinion that US reinsurance rates will harden at the 1 July renewals, leaving Aon Benfield as almost the lone dissenting voice