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  • Max Capital and IPC Holdings have added cash sweeteners to their respective shareholders ahead of the crucial 12 June vote on the board approved merger of the Bermudians, as they continue to fend off Validus Holdings' attempts to derail the deal.
  • With crash victims hailing from over 30 nations, the Air France Flight 447 loss has thrown into stark relief the complications in setting aviation passenger liability reserves since the widespread adoption of the 1999 Montreal Convention.
  • The insolvent estate of New York insurer Midland is attracting interest from "a host of significant private equity sources", even before the final request for proposals (RFP) has been approved.
  • Bermuda-based property and casualty reinsurer in run-off Alea Group has put its UK arm up for sale, with the process already entering the next stage of bidding, The Insurance Insider can reveal.
  • Market experts have described Lloyd's underwriter Omega's £50mn-£125mn offer to buy-out Names' capacity on its flagship Syndicate 958 as a shrewd move to utilise its excess capital.
  • With traditional US cat reinsurance rates rising more slowly than anticipated on increased supply and lower demand, cat futures pricing softened by up to 10 percent for US wind contracts ahead of the hurricane season, as capacity came in to the market.
  • Energy industry mutual Oil Casualty Insurance Ltd (OCIL) said that it is not in dispute over asbestos-related claims on its 2005 excess liability cat bond Avalon Re.
  • Cat bond issuance is well on course to meet market estimates of $3bn for the full year 2009 after a flurry of activity in the insurance-linked securities (ILS) sector – which has stormed back after the impasse caused by the Lehman Brothers collapse.
  • There continues to be a lack of consensus on the structure of cat bond transactions as the ILS sector responds to the lessons learnt from Lehman Brothers.
  • The collapse of Hong Kong-based insurer Anglo Starlite has caused taxi insurance premiums in the region to treble, provoking fury among drivers.