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  • Catastrophe futures pricing has softened up to 10 percent for US wind contracts in recent weeks, as traders seek to deploy capital ahead of the North Atlantic hurricane season which starts on 1 June, according to reinsurance broker Tradition Re.
  • Broker Aon has called for P&I (protection and indemnity) clubs to remove war risks exclusions to allow shipowners greater certainty over coverage should they be subjected to piracy attacks.
  • The volatile combination of the sub-prime, credit and economic crises and hurricanes Gustav and Ike has contributed to a 15 percent rise in new claims in the first quarter of 2009 against the same period last year...
  • Great American has reached a settlement with the office of Massachusetts attorney general Martha Coakley over bid rigging allegations.
  • Bermuda's deputy premier Paula Cox has been working hard to remove the country from a list of tax havens drawn up by the Organisation for Economic Cooperation and Development (OECD).
  • The potential for Thistle Underwriters is so great that it may become a third operating arm, alongside the group’s current broking and employee benefits (EB) divisions.
  • Hardy Underwriting has seen its business grow by 30 percent in the first quarter driven by it property accounts as it became the latest Lloyd’s insurer to post an upbeat trading statement.
  • The board of Bermuda-based reinsurer IPC Holdings this week rejected the revised takeover bid by Validus Holdings, once again favouring the proposed tie up with Max Capital Group.
  • The Texas House Insurance Committee passed a compromise draft of a windstorm insurance bill this week as the state's Governor Rick Perry threatened to call a special session if the issue isn’t resolved by 1 June.
  • UIB takes off in US with Houlders hires; Colemont continues expansion with Aon exec; RBSI appoints Geddes as CEO; Cooper Gay adds to political risks team with Lockton hire