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$100mn+ 'mega claims' account for 50% of insured power losses
So-called ‘mega-claims’ are now a common occurence in the power (re)insurance market, with almost half of the $9.85bn total loss recorded over the last ten years the result of just 16 claims.
12 November 2009
R&Q share price drops 15 percent after pivotal ruling
The share price of UK-quoted Randall and Quilter (R&Q) had fallen by 15.02 percent to 107.5p at the time of writing in the wake of today’s crucial LMX-related High Court judgment against the run-off management firm.
11 November 2009
IAIS addresses regulatory framework for microinsurance
The International Association of Insurance Supervisors (IAIS) highlighted the important role of microinsurance "as a means of socio-economic development" at its annual conference.
11 November 2009
December appeal looms for Cavell
US insurers Seaton Insurance Co and Stonewall Insurance Co's long-running case against Randall & Quilter (R&Q) founder Ken Randall is approaching appeal.
11 November 2009
Market converges for Trading Risk briefing
Just under 200 investors, advisors and sponsors gathered in New York for Trading Risk's annual executive briefing last month to discuss market issues.
11 November 2009
Fairfax labels Odyssey class action a 'nuisance suit'
Fairfax Financial Holdings (FFH) has described the shareholder class action suit filed against it over the acquisition of outstanding minority interests in OdysseyRe as a "nuisance suit".
11 November 2009
Mariner solvent scheme sanctioned
Bermudian (re)insurer Mariner's proposed solvent scheme was sanctioned by the Bermudian Supreme Court, the first approval since the Scottish Lion decision.
11 November 2009
So what exactly is microinsurance?
It’s the new buzz term in the industry's lexicon, but is it more than that? The Insurance Insider went all the way to Senegal to find out…
11 November 2009
Shelbourne brings in new management following Lloyd’s about-turn
Gilmour also to join Enstar-backed firm as new CEO arrives.
11 November 2009
Omega seeks alpha figurehead after Robinson departure
Former Benfield Group chairman is frontrunner...
11 November 2009
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