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D&O insurers vulnerable to repeat of 98-02 pain
Leading D&O underwriters have warned that soft market pressures and a reduction in the use of reinsurance have left the sector vulnerable to a repeat of the pain it suffered in the late 1990s and early 2000s
07 February 2011
Excess D&O insurers must change pricing model
D&O underwriters need to change the way they price the excess layers on towers of insurance coverage if they are to avoid the pitfalls of past soft markets
07 February 2011
Ex-Gen Re CEO Brandon vindicated as regulators close file
Joseph Brandon - the former General Re CEO who was forced to resign amid growing pressure from US regulators over a controversial finite reinsurance transaction with AIG - can return to the industry with his reputation intact
07 February 2011
MarketScout sees US P&C rates down 5% in January
Rates for US property and casualty insurance fell by 5 percent on average in January, according to the latest market barometer from Texas-based insurance exchange MarketScout
07 February 2011
White Mountains profits slump in 2010
White Mountains Insurance Group booked an 80 percent slump in net profits from $470mn in 2009 to $87mn last year, despite a relatively strong performance in its reinsurance division
04 February 2011
Aon reveals strong Q4 broking revenues
Aon Corp is now significantly more than a global insurance brokerage with bolt-ons, following its $4.9bn swoop for Hewitt Consulting last year.
04 February 2011
AFG profit drops 8% in 2010
US insurance group American Financial Group (AFG) reported an 8 percent year-on-year drop in full-year earnings for 2010 to $479mn due to deteriorating results from its specialty P&C operations
04 February 2011
Yasi to cost (re)insurers up to $1.5bn: AIR Worldwide
AIR Worldwide has put an estimate of insured losses from the Category 5 Cyclone Yasi that hit Australia's east coast at midnight Wednesday (2 February) at between A$350mn ($354mn) and A$1.5bn.
04 February 2011
QBE details $245mn Aus losses; confirms giant reinsurance cover
Australian insurer QBE has put its combined net cost burden from the recent flooding and typhoon activity that has hit the country at $245mn.
04 February 2011
QBE agrees $700mn Balboa deal with Bank of America
Australian insurer QBE has confirmed a deal with Bank of America that sees it pay $700mn up front for the distribution rights and portfolio of the US bank's specialist force placed business Balboa.
04 February 2011
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