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Omega buys extra reinsurance after cat-heavy year
Bermuda-domiciled Lloyd's carrier Omega Insurance Holdings has acquired additional reinsurance cover after it was dragged to a first-half loss by catastrophe activity and then hit by the New Zealand earthquake in September.
22 November 2010
Chaucer’s new capital tale welcomed
Shares in Lloyd's insurer Chaucer plc closed last week up 2 percent as investors responded positively to a solid trading statement and a new strategy that includes ambitious growth aspirations and a more aggressively leveraged balance sheet.
22 November 2010
Are we on the cusp of a Lime Street consolidation revolution?
In the 15 years since corporate capital has been active at Lloyd's, there have been a number of false dawns for an imminent wave of consolidation among listed Lime Street insurers.
22 November 2010
The Irish question
They say that truth is the first casualty of war. And it is hard to know what to believe in the war of words currently taking place, as part of the latest episode of global economic woe.
22 November 2010
UK solicitor body orders PI insurance investigation
The UK Solicitors Regulation Authority (SRA) has ordered an audit of insurers providing professional indemnity (PI) cover to the industry amid growing concern over the misreporting of income on compulsory cover, The Insurance Insider can reveal.
22 November 2010
Few Bangkok riot claims paid six months after violence
Six months after the Bangkok riots only a handful of claims have been paid despite initial loss estimates for the London market ranging from $500mn to $1bn, The Insurance Insider has learned.
22 November 2010
Willis North America CEO Bailey heads to Allstate
Willis North America chairman and CEO Don Bailey has resigned and will join personal lines giant Allstate, The Insurance Insider can reveal.
22 November 2010
Guy Carpenter continues Aon Benfield France raid
Guy Carpenter is continuing to build its Paris office from the fallout of the Aon Benfield merger, after securing the services of Emmanuel Dubreuil.
22 November 2010
All eyes on Irish bailout for answers to tax question
The international (re)insurance community will be looking anxiously at the final terms negotiated this week for the European Union's bailout of the Irish government for any sign of movement on the country's favourable corporate tax rates and rules.
22 November 2010
US P&C underwriting losses narrow
Underwriting losses in the US property and casualty (P&C) industry narrowed in the third quarter of 2010 compared to the prior-year period, with premium volume showing a surprise increase.
22 November 2010
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