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Omega bolsters agency board as shareholders await review
Bermuda-domiciled (re)insurer Omega Insurance Holdings has continued to recruit new directors by appointing three non-executives to its Lloyd's agency arm.
24 May 2010
Lloyd’s gains China direct licence
The China Insurance Regulatory Commission (CIRC) has granted Lloyd's China a licence to write direct insurance, in addition to its existing reinsurance licence.
24 May 2010
AIG CDS bosses to escape criminal charges
No criminal charges will be filed against the senior executives that ran AIG Financial Products (AIG FP) into the ground and racked up tens of billions of losses, it has emerged.
24 May 2010
Storm Alex may arrive ahead of time
There is a 30 percent chance that a weather system currently over the Atlantic will become the first named storm of the season in the next 48 hours, according to forecasters from the US National Hurricane Center.
24 May 2010
Reliance General leads $48mn Air India plane crash
Broker Marsh placed the insurance programme for the Air India Boeing 737-800 that crashed on Saturday (22 May), killing all but eight on board, The Insurance Insider understands.
24 May 2010
Florida cat rates set to fall 10%+
Florida cat reinsurance rates are likely to fall back to 2008 levels at the key 1 June renewal date, with pricing projected to soften by 10-13 percent across most layers, fuelled by excess capacity.
24 May 2010
Cat bond issuance hits $2bn mark for 2010
Three cat bonds have closed in the last week taking the total 2010 issuance so far to $2bn, amid a late rush to place risk into the capital markets before the hurricane season.
24 May 2010
Catlin’s $150mn sidecar IPO stuck in harbour
The launch date of Long Bay Re - Catlin Group's $150mn sidecar due to IPO on AIM this week - has been delayed to next month, The Insurance Insider understands.
24 May 2010
Reliance General leads $48mn Air India plane crash
Broker Marsh placed the insurance programme for the Air India Boeing 737-800 that crashed on Saturday (22 May) and killed all but eight on board, The Insurance Insider understands.
24 May 2010
Storm Alex may arrive ahead of time
There is a 30 percent chance that a weather system currently over the Atlantic will become the first named storm of the season in the next 48 hours, according to forecasters from the US National Hurricane Center.
24 May 2010
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