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Industry counts cost of $12-16bn Q1 cat storm
After a relatively benign 2009 for catastrophe losses - where overall claims halved from $50bn to $26bn - the start of 2010 has seen a complete turnaround.
31 March 2010
RSA relies on £1bn+ reinsurance programme to keep Chile loss low
Amlin is understood to be a lead market on the first of RSA Insurance Group's two treaty programmes heavily impacted by the Chile earthquake on 27 February.
31 March 2010
Japan unaffected by Chile in April renewals
The 1 April Japanese property catastrophe reinsurance renewals are seeing average discounts of up to 5 percent despite the impact of February's Chilean earthquake, The Insurance Insider can reveal.
31 March 2010
Willis slams Marsh for putting ‘profit before principle’ on contingents
Willis has launched a stinging attack on fellow "big three" broker Marsh after the latter announced its policy on contingent commissions in the post-Spitzer era, reportedly saying that Marsh is "putting profit before principle".
31 March 2010
Outgoing Omega CEO $6mn ‘golden goodbye’?
Omega Insurance Holdings' toppled CEO, Richard Tolliday, is in line for a bumper compensation package that could exceed $6mn, The Insurance Insider can reveal.
31 March 2010
More Lloyd’s ‘open year’ accounts shut in 2009
Lloyd's has booked another drop in the number of "open years" of account, completing a hat-trick of decreases since 2007.
31 March 2010
Lloyd’s cautious after 'exceptional’ 2009
A benign cat season, the investment markets recovery and record business levels helped Lloyd's to trump the post-Katrina years of 2006-07 and more than double profit to £3.9bn in 2009.
31 March 2010
Guy Carpenter continues international reshuffle
More comings and goings as former XL Capital executive Henry Keeling restructures...
31 March 2010
2010 cat bond season gathers pace as prices fall
Pricing is falling for capital markets' capacity which is encouraging further issuance. We take a look at what is in the pipeline...
31 March 2010
London brokers huddle together for M&A warmth
Gallagher's FirstCity move is the latest deal among London brokers, but more are in the pipeline. We analyse them...
31 March 2010
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