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  • Florida's state-run property insurer, Citizens Property Insurance Corp, is set to sell $2.5bn of pre-event bonds to raise funds for potential claims arising out of the forthcoming hurricane season.
  • The industry's total losses from sub-prime, credit crisis and liquidity related litigation could reach $16bn, according to a senior Swiss Re claims manager.
  • Soros-backed (re)insurer Glacier Group saw its 2008 profits hit by the year's heavy losses, as the firm's combined ratio climbed from 75.5 percent to 99.6 percent.
  • A number of Lloyd's insurers are facing a claim for more than $45mn in damages from the former chief investment officer (CIO) of Stanford Financial Group (SFG) – the banking and investments organisation at the heart of $8bn fraud allegations.
  • Scott Moser is set to retire as chief executive of Berkshire Hathaway’s Resolute Management Services Ltd (RMSL) – the company that manages the run-off of Equitas liabilities.
  • Founding Ironshore Inc executive Bob Deutsch is leaving the Bermudian insurer.
  • Barlow Lyde & Gilbert (BLG) has parted company with the head of its reinsurance and international risk practice, Colin Croly. Meanwhile, it is understood that another of the law firm’s big hitters in the practice, Roger Doulton, has also left BLG to join
  • A number of Lloyd’s insurers are facing a claim for more than $45mn in damages from the former chief investment officer (CIO) of Stanford Financial Group (SFG) – the banking and investments group at the heart of $8bn fraud allegations.
  • Soros-backed (re)insurer Glacier Group saw its 2008 profits hit by the year’s heavy losses which led to the firm’s combined ratio climbing from 75.5 percent to 99.6 percent.
  • Barlow Lyde & Gilbert (BLG) has parted company with the head of its reinsurance and international risk practice, Colin Croly, The Insurance Insider has learned.