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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
New York AG files to appeal quashing of bid-rigging convictions
The office of the New York attorney general (NYAG) Andrew Cuomo has filed a notice to appeal the overturning of convictions against two former Marsh executives in relation to bid-rigging charges, The Insurance Insider can reveal.
27 July 2010
Equity Redstar CEO departs after heavy losses
The CEO of Lloyd's motor insurer Equity Redstar, Neil Utley, is to step down by mutual consent.
27 July 2010
Allianz lead hull insurer in Lufthansa crash
Allianz is the lead hull insurer for the Deutsche Lufthansa AG cargo plane that crash-landed and caught fire in Riyadh, Saudi Arabia today (27 July).
27 July 2010
WR Berkley profits up; still anticipates turn in market
First-half income at WR Berkley grew threefold to $229mn from $77mn over the same period in 2009 as it reversed the investment losses that impacted results over the first six months of last year.
27 July 2010
Montpelier and Arch beat earnings forecasts
Bermudians Montpelier Re Holdings and Arch Capital Group both beat analysts' expectations with bottom line growth in Q2 figures.
27 July 2010
Transatlantic points to Chile loss increase
Transatlantic Holdings indicated an increase in its Chile earthquake loss estimates as it booked net operating profits down 19 percent to $105mn for the second quarter.
27 July 2010
EC and CEA submit Neal Bill opposition
The European Commission (EC) and European insurance and reinsurance federation, the CEA, have put their weight behind the alliance of opposition to tax measures proposed by the controversial Neal Bill.
27 July 2010
US Q2 surveys see commercial pricing hit by excess capacity
The soft market conditions for US commercial insurance show no sign of abating as excess capacity continued to push down rates in Q2, according to a raft of research and comment last week.
26 July 2010
Treasury launches consultation on regulatory reform
The UK coalition government has published its promised consultation paper on the overhaul of the tripartite regulation system that it blames in part for the crisis that brought the banking system to its knees.
26 July 2010
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