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  • The chairman of Jardine Lloyd Thompson (JLT)'s London market specialty arm, Andrew Agnew, has resigned with "immediate effect", the company announced in a statement this morning (24 September).
  • Half-year profits at run-off and insurance services company Tawa declined by around 40 percent year-on-year to $1.4mn, the company's interim results show.
  • New York insurers could be made to contribute to a state catastrophe pool in an effort to stabilise premiums, according to proposed new regulations by the New York State Insurance Superintendent James Wrynn.
  • Lloyd's has announced it is to set up a dedicated programme to recruit and train 50 claims professionals over the next five years; a figure amounting to 10 per cent of claims personnel currently employed in the market.
  • Forecaster Weather Services International (WSI) has increased its predictions for major hurricanes in the 2010 season after Julia and Karl surprised forecasters by developing into major storms last week.
  • The European parliament yesterday (22 September) voted heavily in favour of a new financial supervision package for the European Supervisory Authorities (ESAs) that allows for cross-border supervision.
  • Lonmar Global Risks, the former London market operation of UK broker SBJ, fell to a slender operating loss in 2009, according to accounts filed with UK registrar, Companies House.
  • Asian typhoon Fanapi may cause insurable damages of between $500mn-$1bn, modelling firm Eqecat predicts.
  • US Fire Insurance Co has settled its case with the World Trade Center (WTC) site owner, the Port Authority of New York and New Jersey
  • The cost of aviation insurance is stabilising or even falling in real terms, Aon has noted in its Airline Insurance Market Indicators report for 2010/11