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RAA backs federal license proposal
The Reinsurance Association of America (RAA) has thrown its weight behind legislative proposals to license reinsurers at a federal level to create greater global harmonisation of regulatory standards.
21 December 2010
Everest moves for US crop amid agri-M&As
Everest Re Group's approach to buy Kansas-based managing general agent (MGA) Heartland Crop Insurance Inc (HCI) is the latest in a flurry of M&A activity in a US agricultural insurance sector still seen to offer attractive underwriting opportunities.
21 December 2010
US workers’ comp offers glimmer of hope
As generally dire underwriting conditions continue to persist in the US property casualty sector, there are at least signs of encouragement in workers' compensation insurance.
21 December 2010
Shareholder vote leaves little doubt on Brit deal
Little doubt remains on the outcome of the joint Apollo-CVC bid for Brit Insurance after a series of resolutions on the make-up of the board were overwhelmingly approved by shareholders last week (17 December).
21 December 2010
Lloyd's building sale mooted
The current owners of the Lloyd's building have fuelled speculation about the property's future, confirming that its portfolio managers are monitoring the market although it is not "actively" up for sale.
21 December 2010
Hardy share buyback plan swifter than Beazley
Hardy has opened up an early lead over Beazley as the two companies put share buyback plans into effect to help limit the adverse effect of the failed takeover on their share prices.
21 December 2010
Lloyd’s plans casualty boost in 2011
Lloyd's business plans are budgeting a 3 percent increase in casualty premiums in 2011, as managing agents project an improvement in profitability of just over 5 percent next year.
21 December 2010
‘Big three’ unveil new offshore liability consortium
The industry's three largest reinsurance brokers - Aon Benfield, Guy Carpenter and Willis Re - are developing a consortium to provide significantly higher limits of insurance for US deepwater drilling than were previously available.
21 December 2010
Gold plated plumbing
"Do not talk to me about rules. It was you English who invented them."
21 December 2010
Property rates to fall 6% at 1 January as large losses recede
Property rates outside Latin America are likely to fall by around 6 percent at 1 January, according to Aon Benfield's quarterly facultative market report.
21 December 2010
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