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Gerhardt joins Brit board
Brit Insurance has named ex-Paris Re founder Hans-Peter Gerhardt as a non-executive director.
29 March 2011
Omega placed under watch with negative implications
Omega Insurance Holdings has been placed under watch with negative implications by AM Best on the back of its "materially weaker" than expected performance in 2010
29 March 2011
Greenberg fails to oust New York judge
Former American International Group (AIG) chief executive Hank Greenberg has failed to remove the judge presiding over a lawsuit in the New York Supreme Court, according to reports
29 March 2011
Flagstone awaits Montana cat bond activation
Flagstone Re has asked modeller RMS to calculate whether the 11 March Japanese earthquake will activate a $60mn tranche of its 2010 Montana Re cat bond
29 March 2011
Alterra the latest reinsurer to get Florida collateral boost
Alterra Bermuda has announced it is the latest reinsurer to receive approval from the state of Florida to drastically cut the amount of collateral that it holds against reinsurance losses
29 March 2011
CORRECTION: Greenberg fails to oust New York judge
Former American International Group (AIG) chief executive Hank Greenberg has failed to remove the judge presiding over a lawsuit in the New York Supreme Court, according to reports
29 March 2011
2010 major insured losses up 40% to $43bn
Natural and manmade catastrophes cost (re)insurers $43bn in 2010, making it the seventh most expensive year for the industry since 1970, according to the latest Sigma study by Swiss Re
29 March 2011
Brightside Group achieves 48.1% growth
UK-listed broker Brightside Group booked a 48.1 percent increase in its revenues for 2010, with total income shooting to £66.2mn, according to unaudited company reports
29 March 2011
NJ next in line on collateral requirements
Non-US (re)insurers may be required to post less collateral in New Jersey after new legislation paved the way for the state's regulators to cut the amount required to be posted against risks by alien firms in reinsurance transactions.
25 March 2011
Berkshire ups US underwriting profit as sector strays into red
An AM Best study has indicated the US P&C sector fell to an overall underwriting loss in 2010, with the industry's combined ratio up 2.2 percentage points from 2009 to 102.1 percent.
25 March 2011
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