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US targets insurers to close down Iran’s oil product supplies
Ship-owner mutuals and marine (re)insurers are in the crosshairs of draconian trade sanctions on Capitol Hill aimed at shutting down refined petroleum imports to Iran.
04 March 2010
Axis Capital in talks to settle Blue City loss; $340mn credit recoverables on balance sheet
Axis Capital has given greater disclosure on its political risk/credit losses, including the $399mn insurance on Blue City. We look at what it means...
04 March 2010
Return of GoM self-insurers in offing
The spectre of self-insurance for Gulf of Mexico business is again looming. That would be a shame.
04 March 2010
Marsh close to Berkshire-style energy quota share with Hiscox
Whole account facilities are becoming increasingly popular. After Project Blue with Berkshire Hathaway, The Insurance Insider can reveal Marsh is in talks to create a similar arrangement with Hiscox.
04 March 2010
London retreats after heavy Italian med mal losses
After years of whispers, the first losses on Italian medical malpractice have begun to emerge. We both set the scene and separately look at the impact on the London market.
04 March 2010
Taking the $3.16bn high ground...
The "merger of equals" between Max Capital and Habor Point will form Alterra Capital (which means high ground, apparently). The Insurance Insider constructs the pro forma numbers and what the new (re)insurer will look like.
04 March 2010
M&A returns despite US tax uncertainty
The imminent arrival of $3.16bn Alterra Capital shows the lure of M&A but there are still uncertainties to overcome before a clear trend can be postulated for 2010. We analyse what they are...
04 March 2010
People moves
Aegis scoops Odyssey Re hire for treaty expansion; Validus hires former Swiss Re executive for board
24 February 2010
Montpelier Re cuts combined ratio by a third
Montpelier Re saw its 2009 combined ratio fall to a mere 62.2 percent - against 91.0 percent in 2008 - on the back of a gentle claims season.
24 February 2010
Validus profits soar on IPC and low claims
Validus Holdings' net income rose to $897.4mn in 2009, against $53.1mn in 2008, after a $287.1mn gain from its acquisition of IPC.
24 February 2010
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