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Quinn UK abandons PI as Anglo Irish interest continues
The administrator of Quinn Insurance has confirmed there will be no return to the writing of UK professional indemnity (PI) insurance, as rumours of a rescue package from Anglo Irish Bank continue to percolate.
17 May 2010
Ambac disappoints with $1.5bn capital raise
Ambac Assurance Corp, one of the monoline insurance sector's giants, lost 17 percent of its stock market value last week after revealing a $1.5bn recapitalisation plan that disappointed investors hoping for a bigger rescue effort.
10 March 2008
NFIP flood reform clears hurdle
A controversial proposal to reform the US National Flood Insurance Program (NFIP) by adding wind coverage has been given the green light in the House of Representatives.
10 May 2010
Asia now embracing bancassurance model
Bancassurance is gaining in popularity particularly in emerging markets, according to research by Swiss Re.
22 October 2007
Ironshore bid to renew interest in Lloyd's insurers - Numis
Ironshore Inc's approach for Lloyd's insurer Heritage Underwriting Agency will renew the interest of other Bermudian firms looking to buy their way into Lime Street, according to Numis Securities analyst Nick Johnson.
06 December 2007
Lloyd's broker SSL launches reinsurance division
Lloyd's broker SSL is to move into the reinsurance arena with a new division headed by former Glencairn executive Jeffrey Wright.
14 July 2008
Willis must battle raft of Stanford-related class actions in 2010
In its 2009 SEC annual report filing, international broker Willis updated the market on the barrage of class actions filed over its role as insurance broker to the disgraced Stanford Financial Group (SFG).
09 March 2010
Lloyd’s upbeat despite missing ECF targets
Lloyd's has remained upbeat despite the market missing the 100 percent 2007 target for take-up on usage of electronic claims files (ECF) as it ended the year at 88 percent.
29 January 2008
Katrina estimates continue to roll
The (re)insurance industry has continued its assessment of the likely financial impact of hurricane Katrina, the category 4 storm that brought devastation to New Orleans and the US South late last month.
26 September 2005
Brazil's deregulated reinsurance market rules imminent
The rules for Brazil's open reinsurance market are set to be published on 15 December, according to local sources.
26 November 2007
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