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PartnerRe shareholders give Paris Re acquisition green light
PartnerRe shareholders have unanimously approved the company's proposed acquisition of smaller rival Paris Re...
28 September 2009
Lloyd's to unveil new strategic review in Q1 2010
The wide-ranging strategic review being undertaken by Lloyd's will be presented to its ruling body, the Lloyd's Council, at its monthly meeting in February 2010, The Insurance Insider can reveal.
28 September 2009
NAIC approves reinsurance reform bill
The National Association of Insurance Commissioners' (NAIC) Government Relations Leadership Council (GRLC) used its autumn meeting last week to formally approve the Reinsurance Regulatory Modernization Act of 2009 for submission to the US Congress.
28 September 2009
Willis outlook improves on debt reduction strategy
Willis Group's determination to reduce its debt burden encouraged Moody's to revise its outlook on the insurance broker from negative to stable last week.
28 September 2009
CDS spreads narrow further as (re)insurer optimism continues
(Re)insurer credit default swap (CDS) spreads have continued to narrow through September, reflecting renewed confidence in the sector...
28 September 2009
Swiss Re launches $250mn Mexican cat bond
Swiss Re has launched a three-year $250mn Mexican wind and earthquake cat bond, as first predicted by The Insurance Insider's sister publication, Trading Risk.
28 September 2009
TSM Syndicate 1110 start-up closer to 2010 launch
The on-off Lloyd's start-up TSM Agencies looks closer to reaching fruition after The Insurance Insider revealed that it has harnessed £10mn of underwriting capital from the Electrical Contractors' Association (ECA).
28 September 2009
US P&C insurers profits slump 59 percent as economic turmoil bites
The twin impact of the financial markets turmoil and the recession are clear to see in first half figures for the US property and casualty industry, with both the top and bottom line heavily hit.
28 September 2009
Cathedral reigns in 2010 expansion plans
Short-tail specialist Cathedral Underwriting has become the latest Lloyd's (re)insurer to rein in its 2010 expansion plans because market conditions are not as buoyant as initially expected.
28 September 2009
Kiln launches into space with Scor hire
Lloyd's (re)insurer Kiln is to enter the space market after appointing Laurent Esquirol, former senior space underwriter at Scor, it emerged last week.
28 September 2009
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