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  • Allianz's net income smashed through analyst expectations today (12 May), fuelled by higher-than-expected capital gains.
  • Lloyd's and international specialty (re)insurer Hiscox has reported growth in all markets for the first quarter of 2010 except London, where the company booked a 1.8 percent reduction in gross written premium (GWP) relative to Q1 2009.
  • Ratings agency S&P has revised its outlook on oil giant BP's captive insurer, Guernsey-based Jupiter Insurance to negative from stable whilst reaffirming the unit's AA insurer financial strength and long-term counterparty credit ratings.
  • Wall Street giant Goldman Sachs has warned in a regulatory filing that it may face more litigation on the back of the US Securities and Exchange Commission (SEC)'s civil lawsuit filed on 16 April.
  • Bermudian-headquartered international specialty insurer Ironshore has completed a $250mn private debt offering of 8.50 percent senior notes due in 2020.
  • Amlin and Ark have lent their backing to Lloyd's medical malpractice coverholder MPLC, in a move that will increase its cover limit to £20mn per risk.
  • Brit PI team sees another departure; WR Berkley appoints new president of BerkleyMed...
  • If dancing swallows is one of the first signs of summer in England then another is the annual legacy ritual of the Norwich Rendez-Vous, which takes place between 7 and 9 June.
  • In what promises to be a hectic few weeks for insurance-linked securities (ILS) issuance, Allianz is currently marketing Blue Fin Series 3 - a $150mn transaction offering three years of cover for US hurricanes and earthquakes.
  • A controversial proposal to reform the US National Flood Insurance Program (NFIP) by adding wind coverage has been given the green light in the House of Representatives.