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  • News in brief
    AIR launches industrial and energy cat risk service; Iprism targets £25mn after deal signings
    27 April 2009
  • European cat index turns to Glacier for CEO
    Recently launched European catastrophe information aggregator Perils has appointed Glacier Group executive Dr Luzi Hitz as CEO.
    27 April 2009
  • Munich Re checks stance on rate rises
    Munich Re has checked its bullish stance on rate prospects, as the reinsurer's chairman described a "satisfactory" first quarter while acknowledging that its optimism late last year was still to filter through to widespread rating improvements.
    27 April 2009
  • AIU closes on independence from straitened parent
    American International Group (AIG) last week took steps to speed up the process of spinning off its general insurance operations as an independent entity, ahead of a potential initial public offering (IPO).
    27 April 2009
  • Ironshore continues Lexington raids
    Ironshore's progress towards creating Lexington MKII continues unabated, with the appointment of Andrew Archambault as its senior reinsurance buyer and Edward Mazman as senior vice president of its US property unit.
    27 April 2009
  • Lancashire spreads tentacles in tight GOM market
    Lancashire Insurance Group is filling part of the growing void in Gulf of Mexico (GOM) windstorm cover by opening up its Octopus product to the wider market.
    27 April 2009
  • Jones linked with return at RenRe Lloyd's venture
    Nick Jones, former head of Heritage's worldwide property division and lead underwriter on the insurer's Lloyd’s Syndicate 1200, is set to resurface in the Lloyd's market as the head of RenaissanceRe's (RenRe) planned new syndicate, according to market sou
    27 April 2009
  • Marsh to revisit GOM facility as interest wanes
    Marsh is revamping its proposed facility with Berkshire Hathaway for Gulf of Mexico (GOM) windstorm risks in a bid to drum up interest, after receiving insufficient support from potential buyers to meet its planned launch date.
    27 April 2009
  • Lloyd's looks to cash in with Central Fund debt buyback
    Lloyd's is set for a gain after making a tender to repurchase up to £100mn of the approximate £1.1bn in long-term corporate debt it manages - which in turn forms part of the central assets the Society holds on behalf of the market.
    27 April 2009
  • Catlin breathes new life into Lloyd's microcosm
    Short-term life business has never been a significant component of the Lloyd's mix and in recent years its share has shrunk even further.
    27 April 2009
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