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Massive earthquake and tsunami rocks Japan
A tsunami has hit northern Japan after a massive earthquake struck, causing wide scale damage to property and infrastructure
11 March 2011
Brit sets early April date to delist
Brit has applied to delist from the London Stock Exchange after private equity buyout vehicle Achilles opted to make its offer wholly unconditional
10 March 2011
Canopius weathers 2010 cat hits to post 92% combined ratio
Private equity-owned Lloyd's (re)insurer Canopius' shrugged off a heavy 2010 cat burden to post a combined ratio of 92 percent for the year.
10 March 2011
US P&C market shows signs of hardening, says SNL Financial
There are increasing signs that the US P&C insurance market is heading for a turn, according to analysis by information provider SNL Financial.
10 March 2011
Catlin braces itself for $125mn NZ II loss
Catlin Group has reserved $125mn net of reinsurance and reinstatement premium to cover itself against losses from last month's earthquake in Christchurch
10 March 2011
Munich Re faces $1.5bn first-quarter cat bill
Munich Re expects an A$1bn ($1bn) loss from February's New Zealand quake and a A$485mn combined impact from the Brisbane flooding and Cyclone Yasi
10 March 2011
XL expects NZ II hit of up to $85mn
XL Group has become the latest (re)insurer to give net loss estimates for last month's New Zealand earthquake as it said the event would cost it $70mn to $85mn.
10 March 2011
AIG pays down another $6.9bn of bailout
AIG has used the proceeds from its sale of MetLife stock to reduce its obligations to the US Treasury by a further $6.9bn, bringing the balance repaid in 2011 to $36bn.
09 March 2011
Aspen continues US insurance build-out with surety launch
Expansive Bermudian Aspen Insurance Holdings has launched a new surety insurance unit with a trio of hires from Travelers as it continues to build out its US specialty insurance operations.
09 March 2011
Omega sued by former CEO
Former Omega Insurance CEO Richard Tolliday has filed a suit with the UK High Court for his compensation action against his ex-employer to be heard in Bermuda, The Insurance Insider understands
09 March 2011
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