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Omega battle nears climax
The boardroom tussle at Omega Insurance Holdings is poised to reach a climax this week with either a last ditch compromise or the board acceding to shareholder demands for a decisive special general meeting (SGM).
05 January 2010
Aviation reinsurance rates firm at 1/1
After a turbulent year for the primary sector, aviation reinsurance pricing increased by up to 12.5 percent at the key 1 January renewal, according to Aon Benfield.
05 January 2010
Property catastrophe rates down at 1 Jan
After the quietest North Atlantic storm season since 1997, pricing in property catastrophe lines has been flat at best, with decreases dominating the key 1 January reinsurance renewals.
05 January 2010
Integro acquires London marine team
Private equity-backed broking firm Integro has acquired a substantial portion of the assets of Lloyd's broker London Market Insurance Brokers Ltd (LMIB), The Insurance Insider can reveal.
05 January 2010
Lloyd’s opens 2010 with £22bn+ capacity
Lloyd's initial 2010 capacity figure is between £22bn and £23bn, representing a 27 percent plus increase from 2009, according to Guy Carpenter's global head of business intelligence Chris Klein, speaking to The Insurance Insider.
05 January 2010
Political risk rates spike at 1/1
In contrast to the general fall in reinsurance rates at the 1/1 renewals, political risk/surety business saw widespread hardening as reinsurers priced in the prospect of losses from the global economic downturn in 2008-09.
05 January 2010
Three brokers agree on big picture at 1/1, but detail varies
The three major reinsurance brokers may have agreed over the extent of rate reductions and the macro drivers of the market over the renewal season, but there were occasional discrepancies and differences of tone in individual classes and territories.
05 January 2010
Brokers report ‘disciplined’ softening at 1/1, but no market turn
Reinsurers gave in to a controlled softening of prices at the 1 January renewal season, with prospects for an upturn unlikely in 2010, according to reports from leading reinsurance brokers Aon Benfield, Guy Carpenter and Willis Re.
05 January 2010
Travelers’ $500mn cat bond takes 2009 issuance over $3bn
US insurer Travelers Indemnity Co doubled the size of i
23 December 2009
People Moves
Capita hires two senior staff; Axis Global & Health appoints vice president, reinsurance; Ironshore promotes New York regional executive...
22 December 2009
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