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Meteorologists warn of first signs of Atlantic storms
The next 48 hours is likely to see the formation of the first named storm of the season, according to the US National Hurricane Centre in Miami.
14 June 2010
QBE in $66mn workers’ comp acquisition
Australian insurer QBE bought CNA's Argentinian subsidiary for $66mn as it continues its strategy of growth through acquisition.
14 June 2010
Marsh goes nuclear
Marsh has formed an international practice for all nuclear clients based outside North America, in an attempt to capitalise on the renewed global appetite for nuclear energy.
14 June 2010
AIA ‘a bridge too far’ for UK Pru, says Greenberg
Prudential's failed $35bn bid to buy American International Group (AIG)'s Asian business, AIA, was "a bridge too far" for the UK life insurer, according to Maurice "Hank" Greenberg.
14 June 2010
Gerova gains Bermuda licence
Gerova Financial Group has gained approval for its life and annuity reinsurance business, Gerova Reinsurance, to start underwriting in Bermuda.
14 June 2010
Hardy latest to join Lloyd’s Asia platform
Hardy Underwriting is set to become the latest Lloyd's (re)insurer to underwrite through the Society's Singapore-based Asia platform.
14 June 2010
State Farm pulls out of US flood programme as renewal stalls
State Farm, one of the biggest participants in the US National Flood Insurance Program (NFIP), has said it is to stop writing policies under the federal plan, which has become caught in the legislative cogs of Capitol Hill.
14 June 2010
BP Marsh shows interest in wholesale with US Risk deal
Niche UK private equity investor BP Marsh has gone into partnership with Randall Goss-led wholesaler US Risk Insurance through a significant investment in its Lloyd's broking house.
14 June 2010
MMC holds Alaska lawsuit payout to $500mn
Fears that broker Marsh would indirectly suffer as a result of a legal settlement by fellow Marsh & McLennan Companies (MMC) subsidiary Mercer have receded after the payout was limited to $500mn.
14 June 2010
Chubb, Validus and Scor continue cash handback
Three separate moves by (re)insurers on both sides of the Atlantic last week have highlighted the sector's continued focus on returning surplus capital to shareholders.
14 June 2010
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