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  • Global reinsurers' capital may have deteriorated by a further 10 percent in the first quarter of 2009 as stock markets continued to slide, according to Guy Carpenter (GC)’s head of business intelligence Chris Klein.
  • Hurricane forecasters from Colorado State University have lowered an early prediction of 14 named storms in the upcoming Atlantic season to 12.
  • A raft of proposals are being considered by the Florida legislature to address a funding crisis at its cat fund that would leave the state in dire financial straits if hit by a major hurricane this year.
  • US life insurers were handed a boost last week with reports that the Troubled Asset Relief Program (TARP) is to be officially extended to the beleaguered sector.
  • Bermuda-based Ironshore has tapped into the steady stream of talent leaving struggling insurance giant American International Group (AIG) with the appointment of Tim McAuliffe - former president of AIG Excess Casualty - as president of its specialty casua
  • Aon's revamp of its UK pension structure comes as the big three global brokers continue to target cost cutting measures within a difficult trading environment.
  • Validus Holdings said it will use "all available means" - including the Bermuda legal system - to win over IPC Holdings shareholders, after its offer for the cat specialist was rebuffed by the reinsurer's board.
  • One of the founders of energy specialist Torus Insurance Holdings, David Hope, has stepped down from his position as chief underwriting officer, The Insurance Insider can reveal.
  • Insured losses from last week’s earthquake in the Abruzzo region of Italy are likely to be between EUR200mn and EUR400mn, according to risk modeling agency AIR Worldwide.
  • Aon unveils UK energy unit; Sagicor starts life at Lloyd's with Cassidy Davis hire; RSA acquires Irish Underwriter; Glacier opens new Swiss office; LPL expands into Caribbean.