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Q1 investment pain to continue for reinsurers
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.
14 April 2009
Winds of change: hurricane outlook better; tornado losses mount
Hurricane forecasters from Colorado State University have lowered an early prediction of 14 named storms in the upcoming Atlantic season to 12.
14 April 2009
Florida cat fund proposals gain momentum
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.
14 April 2009
US life insurers get TARP boost
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.
14 April 2009
Ironshore grabs more AIG execs; gets AM Best endorsement
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
14 April 2009
Aon pension revamp latest in broker cost-cutting measures
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.
14 April 2009
Validus goes hostile with IPC bid; launches legal challenge
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.
14 April 2009
Founder Hope leaves Torus
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.
14 April 2009
AIR Worldwide predicts up to EUR400mn Italian quake loss
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.
14 April 2009
News in brief
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.
14 April 2009
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