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  • Lloyd's broker Lonmar has lodged a final request to have its appeal heard on its long-running poaching case against Tysers less than seven days after the arguments were rejected by an Court of Appeal judge, The Insurance Insider can reveal
  • Major insurance-linked investor Credit Suisse Asset Management (CSAM) has withdrawn more than $400mn of industry loss warranty (ILW) capacity as pricing falls, The Insurance Insider can reveal
  • All major cat bond managers predict a re-run of $5bn+ cat bond issuance for the coming year, even in the absence of heavy cat losses, research by sister title Trading Risk shows
  • With a succession of reinsurers (Amlin, Aspen, Catlin, Chaucer, Flagstone, Omega, Partner and Platinum) having revised upwards their initial New Zealand loss notifications, one issue is whether there are other firms that may have to follow suit.
  • Winter storms in Europe and the US and the inevitable torrent of claims from the Queensland flooding will add to a total of natural catastrophe insured losses for 2010 that has already become the sixth-worst since 1980
  • While the Insurance Council of Australia and treaty reinsurers closely monitor the Queensland claims toll mounting on Australia's general insurance sector, the picture for large commercial losses is yet to surface from the flood waters
  • Queensland general insurance market leader Suncorp is expected to be adequately protected from the floods by its reinsurance programme
  • As the death toll mounts and rising waters deluge large parts of state capital Brisbane, the global (re)insurance industry is waking up to the potential for material damage to earnings from the Queensland floods
  • The introduction of new US hurricane models by AIR and RMS was - as predicted by The Insurance Insider in November - an additional factor in the 1 January property cat renewals
  • Specialty insurer Argo Group International will bear a $12mn net loss from the New Zealand earthquake in its fourth quarter 2010 results, following an initial $11.3mn loss estimate in the third quarter.