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  • 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.
  • The mighty Lloyd's Central Fund is facing exposure to the $269mn settlements that Willis made with US insurers Assurant and CNA to end litigation relating to their disastrous involvement in the PA LMX spirals of the mid-to-late nineties, The Insurance Ins
  • Canadian combine Fairfax Financial Holdings has begun its previously announced cash buy-out of the minority interests in its affiliated reinsurer Odyssey Re for $65 per share.
  • The ultimate success of American International Group (AIG)'s efforts to repay the outstanding $120.7bn balance on its $182bn US government bailout package remains uncertain...
  • 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.
  • UK solicitors firms are seeing rate increases of between 10 and 20 percent at the 1 October renewal of their professional indemnity (PI) insurance contracts, according to leading brokers.
  • The outgoing chief executive of Bowring Marsh, Mark Gregory, is to become CEO of Axis Global's specialty lines division, The Insurance Insider revealed last week.
  • 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.
  • Lloyd's (re)insurer Kiln has entered the space market by appointing Laurent Esquirol, former senior space underwriter at Scor.
  • The relatively benign claims environment and improving investment conditions in the first half of 2009 have pushed aggregate pre-tax profits among Lloyd’s (re)insurers to £1.32bn from £949mn in the prior-year period.