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UK rates showing signs of hardening
Sluggish UK commercial rates are finally hardening, according to quoted Lloyd's (re)insurers Amlin and Brit Insurance.
19 January 2010
Munich Re’s Carillon is latest Lehman default
A tranche of Munich Re's $150mn Carillon Ltd US wind cat bond has become the latest of a quartet of Lehman Brothers-affected insurance-linked securitisations (ILS) to default.
19 January 2010
Hartford kick-starts 2010 with $100mn cat bond
US insurer Hartford Fire Insurance Co has launched $100mn Foundation Re III – its third transaction in the Foundation series and the first insurance-linked security (ILS) of 2010.
19 January 2010
WEF: Fiscal crises the big risk in 2010
The most serious risk facing the world today is of a succession of fiscal crises caused by the fallout from the global financial collapse, according to Global Risks 2010.
19 January 2010
Stanford insurers asked to inject more funds into D&O blackhole
The Lloyd's underwriters that insured Stanford Financial Group's D&O and professional indemnity policies were last week asked to forward a further $2.6mn to pay defence costs while they wait for a US judge to rule on their liability.
19 January 2010
Antares receives approval for Lloyd’s managing agency
Private equity-backed Antares Syndicate 1274 has received approval from both Lloyd's and the FSA to establish Antares Managing Agency Limited (AMAL) – a move first revealed by The Insurance Insider.
19 January 2010
Aspen re-organises; Villers promoted
Aspen reshuffled its senior management roles last week, with London veteran Rupert Villers promoted to CEO of the firm's insurance business.
19 January 2010
Scottish plaques ruling sparks fresh appeal amid UK P&C cost fears
UK property and casualty (P&C) insurers face escalating claims after an Edinburgh court upheld legislation that allows sufferers of pleural plaques in Scotland to be compensated, Moody's has warned.
19 January 2010
Bolt: New York Insurance Exchange threat overplayed
Lloyd's Franchise Performance director Tom Bolt last week poured cold water on the immediate competitive threat created by the proposed resurrection of the New York Insurance Exchange.
19 January 2010
Omega shareholders still waiting for news
Shareholders in embattled Omega Insurance Holdings are still awaiting a date for a special general meeting (SGM) to air their demands to revamp the company board, despite rumblings last week that an announcement was imminent.
19 January 2010
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