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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
Lloyd's to launch segmented claims scheme in 2010
Lloyd's intends to establish a pilot scheme for claims handling in 2010 that will focus on segmentation, Lloyd's CEO Richard Ward told the inaugural meeting of the London Market Claims Council last week.
28 September 2009
Floridian and Bermudian authorities sign memorandum
The Florida Office of Insurance Regulation and the Bermuda Monetary Authority have signed a Memorandum of Understanding (MOU) committing both parties to work together to share information and co-ordinate regulatory activities.
28 September 2009
US broker to back Lloyd's 2010 property start-up
Nick Jones, the former Heritage Syndicate 1200 lead underwriter, is set to be reunited with Jim Hays, The Insurance Insider has learned.
28 September 2009
Todd back writing at Lloyd's from 1 Oct
Rodd Todd - the senior vice president and property underwriter for Ironshore Insurance - has received Lloyd's approval to start writing an international direct and facultative (D&F) book for the group's Pembroke Lloyd's Syndicate.
28 September 2009
Aviation rates up 20% at 1/10, but 2010 outlook hazy
The global aviation insurance market is facing a challenging outlook as the historically significant airline renewal milestone of 1 October approaches this week.
28 September 2009
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