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EU ruling outlaws the use of gender for risk pricing
Insurers in the European Union (EU) will no longer be able to consider a policyholder's gender when calculating premiums, after the Court of Justice of the European Union (CJEU) declared that doing so broke anti-discrimination laws
09 March 2011
TVA wins latest Kingston Fossil Plant ash litigation
The Tennessee Valley Authority (TVA) has won the latest round in its court fight against lawsuits from the 2008 Kingston Fossil Plant coal ash spill that threatens to cost the (re)insurance market up to $1bn
09 March 2011
Scor in talks with Aegon over Transamerica Re purchase
French reinsurer Scor is in talks to buy Aegon's US life reinsurance business Transamerica Re, it has emerged.
09 March 2011
Shipowners enjoy another benign 2011 P&I renewal
The shipowner protection and indemnity (P&I) clubs have negotiated their 2011 policy renewals, with overall general rate increases remaining flat while reductions in excess of loss reinsurance costs have been passed on to members
09 March 2011
Motor Names face biggest cash call since Hurricane Katrina
Motor losses from Equity Syndicate 218 and KGM Syndicate 260 have inflicted the biggest cash call on individual Names at Lloyd's since Hurricane Katrina in 2005
09 March 2011
International digest
Revised NY bill tones down mega-regulator; Montpelier's ‘sayonara' to Sinnott; US P&C rates continue to fall; TMR down under; Fairfax promotes Barnard; Ex-Brown & Brown duo in new launch
09 March 2011
Ferma calls for legislation on broker transparency
The Federation of European Risk Management Associations (Ferma) has urged the European Union (EU) to incorporate binding standards for brokers in their dealings with insurance buyers whatever their size.
09 March 2011
London digest
Upbeat Novae eyes redomicile; NZ quake II rugby aftershock; Agnew to chair Gallagher Intl; RBSI confirms 2012 sell-off; Counting the cocoa cost; Beazley looks for new chair...
09 March 2011
Royal Palm future secured with sale to Tower Hill
The future of Florida's Royal Palm Insurance Company was secured last month with its sale to an affiliate of Tower Hill Insurance Group, in a move first revealed by The Insurance Insider
09 March 2011
Leaner brokers rated for growth
Big three broker stocks are trading at multiples not seen since Eliot Spitzer took aim in 2004
09 March 2011
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