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  • (Re)insurers will be spared involvement in the network of bailout funds called for by the European Commission and will not be expected to pay the proposed levy that will apply to EU banks.
  • Swiss Re and six Lloyd's Syndicates have been named as defendants in a US lawsuit over non-payment of claims in which diamond wholesaler Lazare Kaplan (LKI) is seeking $640mn in damages.
  • Here is a problem for London. EC3 relies on brokers to bring business, but today's global broking community inhabits a post-consolidated world in which most meaningful, mid-sized players have been absorbed and a top table of three global brokers is firmly established
  • With oil from the Deepwater Horizon rig escaping at a rate of some 5,000 barrels a day as IQ went to press, it is hardly surprising that the disaster has continued to dominate international media headlines.
  • Reinsurers' first quarter interim results have revealed that the initial shockwaves from the Chilean earthquake have been soothed by persistent improvements in the broader financial markets.
  • Once again the Florida (re)insurance market has provided diversion for neutral observers, as claims that the state-backed catastrophe fund's pre-storm finances have never been stronger contrast with the chequered history of many of its thinly capitalised homeowner insurers.
  • The global specialty (re)insurance world is a bit like the clientele of a large and successful dating agency. Everyone pays their dues and keeps their profile up to date, but there doesn't always seem to be a lot of action going on for the members. Like all dating agencies the motives for joining are often as varied as the membership.
  • Lloyd's is facing a $1.4bn pre-tax net loss relating to the Chile earthquake, the Society confirmed today (26 May).
  • There is a growing consensus that 2010 will be an active year for the North Atlantic hurricane season afte
  • The Lloyd's excess insurers for drilling contractor Transocean, which owned the ill-fated Deepwater Horizon oil rig, have filed a lawsuit asking for a declaration that they have no obligation to cover BP, which owns the underwater lease, against damage and cleanup costs from the disaster.