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Lancashire expects demand surge for GOM energy capacity
Class of 2005 start-up Lancashire Holdings said last week it expects to benefit from a surge in demand for Gulf of Mexico (GOM) energy capacity in the second quarter, after deliberately holding back capacity in the first three months.
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
Cat bond pricing up 50 percent on 2008; issuance continues
New cat bond sponsor Assurant Inc has launched a $150mn US wind transaction, while Allianz has increased the size of its Blue Fin II cat bond to $180mn...
14 April 2009
SWIP places capital raise on hold
Texas-based Southwest Insurance Partners Inc (SWIP) has put on hold plans for a private offering to raise up to an additional $100mn in capital due to the uncertain economic outlook, The Insurance Insider can reveal.
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
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
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
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
Airline rates up in 2009, but pressures remain
The momentum behind hardening in the airline insurance market has seen average lead hull and liability rate rises of 5 percent in 2009, according to a sector update from Aon.
14 April 2009
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