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Liberty signs up Intelsat expertise for space underwriting
Liberty Syndicate Management has signed up satellite manufacturer Intelsat Corp to provide technical support to its satellite insurance underwriting.
09 April 2010
Torus starts writing financial lines business
Little more than a month after a $150mn private equity injection took its shareholder equity through the $1bn threshold, expansionist start-up Torus has entered the London financial lines market.
09 April 2010
Catlin hatches Chrysalis facility
As key renewal discussions for Gulf of Mexico (GoM) offshore energy business begin in earnest this month, market activity elsewhere has also been vibrant.
09 April 2010
Energy underwriters struggle to hold back soft market despite Bolt warning
Despite the close attentions of Lloyd's underwriting tsar Tom Bolt, Gulf of Mexico (GoM)-exposed energy buyers should still be able to buy a "superior" product from the London market this year compared to 2009.
09 April 2010
Omega shares fall after boardroom feud cost revealed
Bermuda-based Lloyd's (re)insurer Omega Insurance Holdings initially saw its shares fall by over 10 percent last week after announcing that the financial fall-out from the bitter boardroom feud would hit its 2010 earnings.
09 April 2010
Liberty-led excess cover likely to escape Paris bank hit
GAN and Axa Corporate Solutions lead the primary coverage for the spectacular heist at the Crédit Lyonnais branch on Paris's Avenue de l'Opera on 27 March, sister publication Inside FAC revealed last week.
09 April 2010
March Australian storms to cost $1.3bn
The Q1 financials of Australian general insurers such as QBE and IAG are likely to reflect the growing impact of heavy domestic cat losses in the period.
09 April 2010
Claims confusion rife after extensive Q1 losses
The torrid first quarter catastrophic claims experience - which looks set to cost the industry as much as $16bn - has created extensive uncertainty over the attribution and potential extent of losses.
09 April 2010
State Farm closes Merna Re II at $350mn
US insurer State Farm Fire & Casualty closed its Merna Re II cat bond on 1 April, affording $350mn of indemnity-based US earthquake cover.
09 April 2010
Eqecat estimates $300mn Baja quake hit
Modelling firm Eqecat has placed the insured cost of the powerful earthquake that struck in Baja California on Sunday (4 April) at $300mn, with economic damage not expected to exceed $1bn.
09 April 2010
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