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  • As the US property and casualty (P&C) industry converges on Orlando, Florida, for the annual RIMS conference, one of the key themes is the impact the economic crisis is having on the market.
  • The Florida Hurricane Catastrophe Fund (FCHF) has decided not to buy private reinsurance in 2009 or renew the put option it bought from Berkshire Hathaway, The Insurance Insider understands.
  • Lloyd's insurers may be poised to benefit from a change in the UK government's tax treatment of their equalisation reserves, as the UK budget fast approaches (22 April).
  • The leveraged UK broker consolidator Towergate Partnership has refinanced its long-term banking facilities – a move that it says will enable its strategy of growth through acquisition to continue.
  • Ironshore continues AIG harvest with new property executive; QBE finally appoints US CEO; Chubb promotes London; EQECAT appoints new senior VP manager; Willis appoints Sweden CEO; Colemont hires new aviation CEO...
  • Lloyd’s opens Brazil office; Mitsui Sumitomo branches out to Eastern Europe; Beazley completes acquisition of First State...
  • German regulator BaFin is set to give its verdict on German hedge fund Augur Capital's EUR20mn acquisition of Deutsche Versicherungs- und Rückversicherungs-AG (DARAG) later this week, The Insurance Insider understands.
  • Rates on US catastrophe-exposed lines are set to rise by a further 10-20 percent at the key mid-year renewals as a result of capacity scarcity, according to analysts at London-based stockbrokers Execution Ltd. The report adds that...
  • AIM-listed broker THB Group plc is poised to appoint the former Marsh UK executive Stephen Matanle as the head of its largest division – Lloyd’s broker Thompson Heath & Bond (THB), as first revealed by The Insurance Insider.
  • American International Group (AIG) has agreed a deal to sell its 21st Century US personal auto business to Zurich Financial Services for $1.9bn, representing the biggest insurance disposal in its asset sale programme so far.