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  • Despite a drop-off in overall reinsurance capacity for 1 June renewals compared to 2007 and 2008, average Florida property catastrophe reinsurance rate rises were a less-than-expected 15 percent, as increased demand failed to outstrip...
  • Insurance rates in the UK continued to fall across all major lines of business in the first quarter of 2009, further squeezing insurer margins, according to insurance broker Marsh.
  • American International Group's plan (AIG) to sell down its majority stake in affiliate Transatlantic Re is probably the "best outcome" for its clients, according to market sources.
  • The three-week trial in the long running dispute between Berkshire Hathaway's Equitas and R&Q-owned Brandywine has been further delayed from the 8 June to the 15 June.
  • There was further evidence of the trend for increased use of quota share-style transactions to shore up balance sheets last week as Swiss Re predicted a 5 percent, or $10bn, increase in revenues for reinsurers from the business in 2009.
  • European insurance giant Axa is the lead on the insurance policy for the Air France plane carrying 228 passengers which went missing over the Atlantic Ocean shortly after taking off from Rio de Janeiro...
  • The European insurance and reinsurance federation, the CEA, has announced its strong support for proposals from the European Commission (EC) for a new EU financial supervisory architecture...
  • Bermuda-headquartered run-off manager Enstar has announced a definitive agreement to purchase defunct Danish reinsurer Copenhagen Re for $28mn, trumping fellow shortlisted bidders Compre and Catalina Holdings.
  • Reinsurance broking giants Aon Benfield and Guy Carpenter pointed to average rate rises at 1.6 Florida renewals that were below predictions earlier in the year, as "adequate" private market capacity combined with lower demand from carriers and increased.
  • Alongside traditional reinsurance capacity entering the Florida market at the 1.6 renewal, Bermudian reinsurer RenaissanceRe has relaunched its Timicuan Re sidecar...