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Guy Carpenter sets up Iberian fac team
Guy Carpenter has hired three new members of staff to form the core of a dedicated facultative team that will serve Spain and Portugal
19 January 2011
Catlin buys US admitted shell from QBE
London-listed (re)insurer Catlin Group has bought a Wisconsin-domiciled admitted lines shell company from QBE for an undisclosed sum
18 January 2011
AIR puts Queensland insurance loss as high as A$6bn
AIR Worldwide has put a range of A$3bn to A$6bn on industry insured losses from the floods that have deluged Queensland, Australia in and around Brisbane and Rockhampton in recent weeks.
18 January 2011
News in brief
Munich Re subsidiary launches China JV; Former Chubb CFO Kelso to leave Aspen; Willis appoints Finex analytics head; QBE bolsters trade credit team
17 January 2011
Amlin one of two Lloyd’s Solvency II green lights
London-listed (re)insurer Amlin is one of only two Lime Street managing agents that currently possess a green light under the Lloyd's Solvency II traffic light scheme, The Insurance Insider can reveal.
17 January 2011
Lloyd’s finally frees itself from its two legacy ‘albatrosses’
Two of the most costly failures to ever fall on the Lloyd's Central Fund - GoshawK Syndicate 102 and Alleghany Syndicate 376 - have been finally relinquished.
17 January 2011
RiverStone wins RITC of Syndicate 376
RiverStone has completed its deal to reinsure-to-close (RITC) the open years of Syndicate 376, as first predicted two months ago in The Insurance Insider.
17 January 2011
Frankfurt-based regulator to launch EU-wide stress test
New regulator the European Insurance and Occupational Pensions Authority (Eiopa) has opened for business with a second pan-continental stress test scheduled for the industry next month.
17 January 2011
Catco fund wrote $78mn at renewal
Collateralised reinsurance fund manager Catco invested almost 100 percent of its $80.4mn start-up capital at the 1 January renewals, just weeks after launching.
17 January 2011
Final Lehman-struck bond defaults
Bermuda-headquartered Catlin Group's 2008 cat bond Newton Re 2008-1 has defaulted on its final payment, prompting rating agency AM Best to downgrade and withdraw its ratings on the Class A notes.
17 January 2011
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