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CCRIF renews with a further rate cut
The Caribbean catastrophe pool, the Caribbean Catastrophe Risk Insurance Facility (CCRIF), saw its 2009/2010 programme renewed with a 10 percent reduction, making it the "lowest yet".
15 June 2009
London broker fends off contempt charge in poaching dispute
A UK high court has rejected London market broker BMS Group's application to commit rival CJ Coleman (CJC) and John McCormack - former managing director of a BMS unit - for contempt of court by breaching restrictive covenants.
15 June 2009
Brit in all share Chaucer takeover talks
Brit Insurance and Chaucer confirmed late last week they were in discussions regarding a "possible all-share offer" - in what could be the largest Lloyd's M&A deal since...
15 June 2009
Assurant increases cat cover; pays more
US insurer Assurant Inc has seen its base reinsurance premiums increase from $141mn to $185mn for its 2009 property catastrophe reinsurance programme, but has also significantly increased the protection available.
15 June 2009
Starr Wars returns as $4bn+ trial opens
The titanic battle between fallen insurance giant American International Group (AIG) and its former leader, Maurice "Hank" Greenberg, reaches a decisive stage today...
15 June 2009
Equitas v Brandywine spiral showdown finally begins
The long-running dispute between Berkshire Hathaway-backed Equitas and Randall & Quilter (R&Q)-owned Brandywine finally began in the UK High Court today (15 June).
15 June 2009
Insurers resist Satyam D&O claims
Insurers led by Tata-AIG are resisting claims brought by Indian IT and outsourcing giant Satyam Computer Services, according to local media reports.
15 June 2009
Transatlantic Re CEO welcomes 'new era'
Transatlantic Holdings president and CEO Robert Orlich has written to the firm's clients applauding the successful sale of American International Group's (AIG) majority stake this week.
15 June 2009
Qatar brands regional trading system
Qatar - one of the Arab emirates determined to become a regional hub for (re)insurance business - has rebranded its proprietary trading system.
15 June 2009
People moves
Aon Benfield loses senior retro broker; Zurich names new North Central property regional manager; Brit hires Munich Re property underwriting manager; RenRe appoints Kelly to succeed Donner as CFO
15 June 2009
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