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Industry braced for more cat losses as flooding hits US states
The insurance industry is preparing itself for more catastrophe claims as flood waters continue to surge through southern US States along the Mississippi river.
12 May 2011
Former Marketform chairman takes board role
The founder and former chairman of Lloyd's managing agent Marketform Holly Bellingham has been appointed as non-executive chairman to consultancy firm Alphabet Resourcing
12 May 2011
RSA reports pricing improvements and Q1 cat bill of just £25mn
UK-headquartered international P&C insurer RSA has said it expects its losses from the Japanese, New Zealand and Australian cats to total just £25mn.
12 May 2011
Amlin's Q1 cats firm up at £260mn
Lloyd's heavyweight Amlin has reserved £260mn to cover its first-quarter cat losses, and now expects claims to be at the upper end of the £205mn-£275mn range it reported in April
12 May 2011
Gallagher seals Heath Lambert deal, Colosso to stay
Arthur J Gallagher International has closed the takeover of UK broker Heath Lambert in what is believed to be the largest single deal in the acquisitive group's history
12 May 2011
New sidecar capacity to target retro: Millette
Greater demand and restricted supply is luring potential new capital in the form of sidecars, according to Michael Millette, managing director, head of structured finance at Goldman Sachs.
12 May 2011
Florida cat reinsurance rates to rise by 10-15%
Florida property catastrophe reinsurance rates are expected to increase by 10 to 15 percent at mid-year renewal, according to TigerRisk CEO Rod Fox.
11 May 2011
US Treasury to set up insurance advisory committee
The US Treasury has announced the creation of a federal advisory committee for the insurance sector.
11 May 2011
Cooper Gay UK merges energy and non-marine leadership
Chris Butcher is to head up the new combined leadership team of Cooper Gay UK's energy and non-marine operations.
11 May 2011
PartnerRe: fear is back
Reinsurers' capital may still be relatively plentiful but the recent spate of major catastrophe disasters has reminded both insurers and reinsurers' of the industry's potential exposures
11 May 2011
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