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Offshore drilling proposals will boil down to demand and price
The success of proposed (re)insurance facilities targeting oil and gas companies' drilling platforms along the US coast will hinge on demand and pricing, say industry leaders.
14 September 2010
Payton to join GCFac
Malcolm Payton, head of global property facultative reinsurance at JLT Re, is joining GCFac, sister publication Inside FAC has revealed.
14 September 2010
AmTrust Europe parts company with CEO
AmTrust Europe - the UK insurance company that rebranded from IGI earlier this year - has unexpectedly parted company with its CEO Keith Wardell.
14 September 2010
Guy Carp: industry has $13bn excess capital
Excess capital in the reinsurance market is continuing to push down global rates dangerously close to loss-making territory, according to broker Guy Carpenter.
14 September 2010
Ward: Lloyd's has $2.5bn in 2010 1H cat losses
Lloyd's underwriting profits will be thin on the ground for the first half of the year but this has done little to deter the queue of potential arrivals at the three-hundred year-old market.
14 September 2010
Munich Re in call for $20bn industry energy drive
Munich Re has committed a $2bn line to a proposed industry offering that it says has the potential to create $10bn-$20bn in new liability cover from the international (re)insurance industry for offshore drilling operations around the US coast.
14 September 2010
Hurricane season parallels worst two years on record
Only two Atlantic hurricane seasons since records began have equalled 2010's total of 10 named storms by 14 September - and both of those years went on to become the most active on record, according to modelling agency RMS.
14 September 2010
CV Starr A&H arm readies itself for MBO
The senior management of CV Starr's accident and health subsidiary has entered negotiations with Hank Greenberg to buy themselves out of the parent holding company, according to an internal memo obtained by The Insurance Insider.
14 September 2010
Quinn UK commercial arm must remain in run-off, says regulator
The Irish regulator has refused Quinn Insurance permission to resume writing commercial lines insurance in the UK due to concerns that it is still undercapitalised.
14 September 2010
Chartis leads Venezuelan plane cover
Chartis leads the cover for the ATR-42 turboprop that crashed in Venezuela yesterday, with cover placed by JLT, The Insurance Insider understands.
14 September 2010
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