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Transocean: but who else?
The scale of the Deepwater Horizon disaster could lead to industry losses of $2bn and beyond once the potential impact of liability claims from the disaster is factored in.
07 May 2010
Reinsurers prepare for reduced crop cover as reform looms for US market
As US crop insurers await possible margin squeezing changes to the agreement that governs the relationship between public and private provision of cover, reinsurers are already pointing to a potentially significant withdrawal from the business.
07 May 2010
(Re)insurers clear ‘Chilean whammy’
Our exclusive analysis of first quarter results highlights that (re)insurers have had to rely on reserve releases and investments after brutal cat losses.
07 May 2010
R&Q in advanced talks to buy FirstCity legacy
UK listed insurance services/acquisition firm R&Q is poised to buy the legacy rump of London broker FirstCity following AJ Gallagher's $30mn deal to take on its live business, The Insurance Insider reveals.
07 May 2010
QBE begins search for new CEO
Internal candidates are in line to replace O'Halloran, but headhunters are also looking outside.
07 May 2010
Ryan raids rival in bold roll-out move
Ryan Specialty has made its most decisive step yet in a raid of over 100 staff from US wholesale broker CRC. Naturally, the legal fight back has begun. The Insurance Insider has the details.
07 May 2010
GoM insurers now insisting on mid-year rate increases
Energy market turns overnight. We analyse the sector's largest loss since Piper Alpha and include full details of Transocean's insurance programme including all participants.
07 May 2010
Florida market diverges ahead of hurricane season
After a year of company failures, credit risk is now the major worry for reinsurers of $3.5bn cat market. The Insurance Insider has a comprehensive four-page review in advance of the official start to the US hurricane season.
07 May 2010
Catlin keeps London powder dry in Q1; $40mn Deepwater loss
International specialty (re)insurer Catlin Group has reported divergent Q1 premium growth performance, as it grew business strongly in Bermuda and at other locations from its main London hub while shrinking premium volumes written from the UK.
07 May 2010
Chaucer sees $25mn Deepwater loss; energy rates now hardening
Energy rates are hardening as a result of the Deepwater Horizon loss in the Gulf of Mexico (GoM), according to Chaucer Holdings, which estimates a $25mn net loss to its Lloyd's Syndicate 1084 from the disaster.
07 May 2010
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