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Catalina’s Glacier Re deal gets regulator’s thumbs up
Expansive run-off acquirer and manager Catalina Holdings has confirmed its acquisition of Swiss-based run-off reinsurer Glacier Reinsurance AG
13 May 2011
R&Q victorious in Seaton and Stonewall run-off saga
The long-running dispute between Goldman Sachs-backed Enstar and London-based Randall & Quilter (R&Q) finally ended this week
13 May 2011
Catlin lifts Q1 premiums 11%
Lloyd's (re)insurer Catlin reported an 11 percent year-on-year increase in Q1 gross written premiums to $1.4bn
13 May 2011
Lloyd’s joins rate rise chorus after $3.8bn Q1 losses
Lloyd's of London will pay a net $3.8bn in claims from the three major natural catastrophe losses in Q1
13 May 2011
Citizens’ $500mn reinsurance return signals policy change
Citizens Property Insurance Corporation's move to return to the private reinsurance market after a two-year hiatus and purchase up to $500mn of cover has raised hopes that Florida's state-backed insurer will become a consistent buyer of the product.
13 May 2011
Hard market at least two more years away: Arch Capital
Despite the ferocious flurry of international and US catastrophe losses, the industry is still awash with excess capital and those anticipating an imminent turn could be in for a long wait.
12 May 2011
Allstate unveils $1.4bn April cat hit
US insurance giant The Allstate Corporation has revealed $1.4bn in estimated catastrophe losses for the month of April.
12 May 2011
Allianz net income drops 43%
Shares in Europe's largest insurer Allianz fell after Q1 net income dropped 42.9 percent to EUR915mn ($1.29bn) as higher catastrophe losses hit profitability
12 May 2011
US Treasury to set up insurance advisory committee
The US Treasury has announced the creation of a Federal Advisory Committee on Insurance (FACI) as part of its post-financial crisis regulatory overhaul
12 May 2011
EQC treaty renewal set for 130% price rise
The portion of the New Zealand Earthquake Commission (EQC)'s reinsurance programme which renews at 1 June will see a 130 percent premium increase, latest indications suggest
12 May 2011
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