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  • Ratings agency Moody's said that despite the much-hyped firming of rates championed by the European reinsurance market in late 2008, renewal season pricing has "generally not lived up to these expectations, despite some evidence of rate hardening".
  • Shares in troubled American International Group (AIG) have rallied strongly following positive remarks from incoming CEO Robert Benmosche...
  • Dunn joins JLT Re treaty practice; Markel hires Leach as underwriter
  • Although shares in highly rated UK P&C insurer RSA have been left behind in the second and third quarter rally in riskier stocks, analysts at Citi are not convinced that it is time to play the 'catch-up card' yet.
  • Former General Reinsurance Corp senior vice president Richard Napier is scheduled to be sentenced on 15 September for his role in a sham finite reinsurance transaction involving the Berkshire Hathaway-owned reinsurer and American International Group (AIG)
  • Canopius Managing Agents CEO Clive Watson is to leave the Lloyd's (re)insurer with effect from 1 October. A successor is yet to be found...
  • In a typical example of the lawsuits being stirred up by the sub-prime crisis and credit crunch, Lloyd's of London is suing a US appraiser for allegedly concealing criminal investigations into claims that he overinflated the value of the homes he assessed
  • A US federal judge has reportedly thrown out a suit filed by the National Council on Compensation Insurance (NCCI) that sought to recover over $1bn for alleged underpayments made by American International Group (AIG)...
  • Lloyd's insurer Amlin will consider a modest increase to the capacity on its Special Purpose Syndicate 6106 in 2010, reflecting its belief that retrocessional reinsurance will continue to be scarce and expensive going forwards.
  • Novae Re - the new reinsurer that plans to go live on 1 January 2010 - has begun to build out the team that will enable the unit to write an estimated £100mn in premium income in its first year.