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  • Shares in Novae Group traded down last week after the Lloyd's insurer posted a £2.1mn loss for the first half, driven by a £26mn hit from aviation reinsurance and credit insurance claims...
  • US insurance premiums are still under pressure as demand falls in the ongoing economic difficulties, according to the latest authoritative survey by the Risk and Insurance Management Society (RIMS).
  • Cooper Gay acquires 100% of Brazilian arm; QBE to acquire Elders; RK Harrison announces restructure...
  • Transatlantic Re crowned its transition into a new era of independence with a 6.9 percent Q2 increase in book value per share to reach a record high of $53.57 at 30 June.
  • American International Group (AIG) has turned to another former head of a US insurance giant to chart the troubled waters after last September's government bailout, with the appointment of Robert Benmosche as its new CEO.
  • The exodus of staff from AIG UK has stabilised, according to the company's CEO Lex Baugh, as it prepares for a fresh start as part of Chartis.
  • The Coalition for Competitive Insurances Rates (CCIR), which includes the Association of Bermuda Insurers and Reinsurers (ABIR) as a member, has blasted the proposed Neal Bill introduced in the US House of Representatives on 30 July.
  • Pamplona Capital Management, the Russian-backed private equity firm, is still waiting for clearance from the Financial Services Authority (FSA) to build a pivotal stake in the listed Lloyd's insurer Chaucer Insurance Holdings.
  • Lancashire Holdings expressed surprise at the markedly reduced demand for Gulf of Mexico (GOM) energy wind cover it experienced in the second quarter...
  • Lloyd's (re)insurer Advent reported increased pre-tax profits of £5.7mn for the first half of the year, compared to £1.6mn in the same period of 2008.