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Swine flu tail risk for contingency market
The London contingency market is facing a lingering exposure to event cancellation due to the swine flu pandemic.
13 July 2009
Lloyd's embarks on major review
Lloyd's is undertaking a major strategic review that will define its 2010 business planning, and which will be in place when the former Berkshire Hathaway executive Tom Bolt formally takes over as head of underwriting next year.
13 July 2009
LMX market awaits crucial Equitas Brandywine decision
On 2 July, the counsel for Berkshire Hathaway’s run-off vehicle Equitas, Alistair Schaff QC, told a packed UK courtroom at the end of the pivotal LMX spiral-related trial...
13 July 2009
R&Q ends Pro acquisition talks
The proposed sale of Swiss Re run-off unit Pro Insurance Solutions (Pro) to UK listed run-off acquisitions group Randall & Quilter (R&Q) is off after the parties failed to agree terms, The Insurance Insider understands.
13 July 2009
Swiss Re's capital markets head leaves
The head of Swiss Re's capital markets unit is the most high-profile casualty of the firm's ongoing overhaul of its insurance-linked securities (ILS) operations.
13 July 2009
London warned over European ambitions
The Insurance Insider’s Cavell Norwich Rendez-Vous roundtable spurred a lively discussion over opportunities in Continental Europe and the potential for them to find their way to the London market.
13 July 2009
Lloyd’s Names can finally 'sleep easy'
Equitas, the $7.8bn legacy albatross that has hung around the neck of Lloyd's Names ever since its creation in 1996, can now be formally detached...
13 July 2009
Marsh to shed a further 2,000 jobs
Risk and Insurance Services global headcount set to fall below 25,000 amid tough US conditions; specialist units to be scaled back.
13 July 2009
International digest
AIG resumes talks to shed ALICO; Chubb reserves 'short of potential $2bn D&O loss'; US P&C insurance rates see moderate decline…; …But surplus slides again in Q1; Bryce retires...; ...as does Zeller; Ironshore in $300mn PE raise; Reinsurers rise to 1.7...
13 July 2009
ILS and derivatives to gain Solvency II boost, says report
Changes in the accounting treatment of insurance-linked securities (ILS) and derivatives are set to boost the convergence sector...
13 July 2009
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