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1.6 Florida renewal rates up 15 percent, says Guy Carpenter
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...
01 June 2009
Florida rates below expectations as late capacity flows in; average 15% hikes
With signs of early activity in the Gulf of Mexico, initial indications from the key 1.6 Florida renewals point to rate rises below expectations as new capacity entered the market.
29 May 2009
Dinallo resigns; linked with attorney general post
Eric Dinallo is on course to follow in the steps of his former boss Eliot Spitzer with a run at the position of New York attorney general.
29 May 2009
D&O insurers face Santander payout on $235mn Madoff settlement
Insurers led by Liberty International face a potential payout on Banco Santander’s directors’ and officers’ (D&O) liability insurance after the Spanish bank agreed a $235mn settlement over its Madoff losses.
27 May 2009
Historic Equitas transfer ruling set for end of June
A 24 June date has been set for the UK High Court to consider approving a part VII transfer of all Equitas’ liabilities.
26 May 2009
Heritage replaces underwriting chief; Carrier returns to London
Argo Group has replaced the underwriting director of its Lloyd’s (re)insurance arm Heritage Managing Agency with the former Kiln reinsurance underwriter, Andrew Carrier.
26 May 2009
News in brief
Lloyd's gets Portuguese licence; Hiscox US expansion continues with Miami office
22 May 2009
Amlin's new COO to consolidate acquisitions
Amlin plc's ability to crunch new acquisitions will fall to Andrew Grant in the newly created role of Group Operations Officer.
22 May 2009
Swiss Re names Flunger insurance and specialty chief
Swiss Re has moved to fill the position at the head of its insurance and specialty division vacated by newly anointed COO Agostino Galvagni.
22 May 2009
Hard market to be 'more prolonged' says Omega
Omega Insurance was the first Lloyd's insurer to raise capital following the bail-out of AIG and collapse of Lehman Brothers last September and, in a trading statement, the firm says its decision is being validated...
22 May 2009
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