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  • Aon Benfield is aiming to place $700mn of facultative business annually through its new e-portal FAConnect.
  • Zurich Financial Services (ZFS) has issued a solid set of fourth quarter and full-year 2009 results, exceeding analysts' expectations with its shareholders' funds and a sizeable dividend.
  • Swiss-headquartered Ace Ltd posted an impressive 88.3 percent P&C combined ratio for 2009, assisted by last year's modest claims environment.
  • AM Best has estimated a tenfold increase in net income after taxes for the US P&C industry in 2009, rising to $30.6bn from the $3.8bn reported in 2008.
  • German reinsurance giants Munich Re and Hannover Re both said that credit and aviation lines showed clear pricing improvements in an otherwise stale rating environment.
  • Execution Noble has announced a recommended offer from Banco Espirito Santo de Investimento (BESI) to acquire a 50.1 percent controlling stake in the (re)insurance-specialising investment banking group.
  • The fledgling terrorism market has reacted positively to proposed changes outlined in the 2010 US budget, which would eliminate the $250mn federal backstop for those providing terrorism risk insurance.
  • Dane Douetil, CEO of recently redomiciled Brit Insurance, has launched a comprehensive attack on the UK tax and regulatory environment, dubbing it "highly uncompetitive".
  • Markel International has reported a significantly lower combined ratio for its London business in 2009, in the latest indication that Lloyd's full-year results will be among the best ever.
  • Analysts have issued research concurring with The Insurance Insider's prediction of a return to near-record profitability at Lloyd's, with Beazley expected to signal a banner 2009 year when it reports tomorrow (9 February).