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Taranto steps down from Everest summit; points to Chile deterioration
Industry veteran Joseph Taranto is stepping down as Everest Re Group CEO at the end of 2010 after 15 years in the post.
29 July 2010
Willis books consecutive quarters of organic growth, despite soft market
Despite soft market headwinds, Willis Group boasted Q2 organic growth in commissions and fees of 4 percent, driven by 16 percent new business growth and "solid client retention", the global broker said.
29 July 2010
Lancashire gets positive outlook
Bermuda-based Lancashire Insurance Company has become the first of the so-called "class of 2005" start-ups to be granted a positive outlook rating by AM Best.
28 July 2010
Gallagher loses ground amid soft market slog
AJ Gallagher suffered negative organic growth of 3 percent in the first half of 2010, as the New York-listed broker struggled with the enervating soft market and higher costs.
28 July 2010
Catlin leads on Willis-placed Pakistani jet crash
Catlin Group is the lead on the AirBlue passenger plane that crashed in heavy monsoon rain in Islamabad today (28 July), The Insurance Insider understands.
28 July 2010
Profits up at Ace; sticks by guidance
Property and casualty insurer Ace saw net income rise to $1.4bn in the first half of the year, against $1.1bn in H1 2009, despite total catastrophe losses doubling.
28 July 2010
RenRe casts off ChannelRe; profits dip with Endurance
RenaissanceRe has sold its interest in financial guaranty reinsurer ChannelRe for $15.8mn.
28 July 2010
Brit Insurance concedes to Apollo’s increased £880mn offer
Brit Insurance's share price has leapt by 11 percent this morning after the UK insurer conceded to an increased 1,075p per share indicative offer from Apollo Management and allowed the New York buy-out firm in for formal due diligence.
28 July 2010
Xchanging sets up new SE Asian HQ
Processing giant Xchanging has relocated its Singapore business to a new centre that will serve as its South East Asia headquarters.
27 July 2010
Proposals to add wind cover to NFIP falter
Legislation that would have extended the National Flood Insurance Program (NFIP) to include windstorm cover has been pulled from the floor by the House leadership.
27 July 2010
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