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Counting the Klaus cost
Upper estimates of insured losses from Windstorm Klaus, which swept across southern France and northern Spain on 23-24 January leaving a trail of destruction, are as high as EUR2.5bn for each country...
04 February 2009
Aspen reinsurance delayed on FI fears
Aspen Insurance Holdings' late renewal of the reinsurance programme for its financial institutions (FI) book is a sign of the uncertainty surrounding the sector's loss exposures to litigation from the credit crisis.
04 February 2009
Willis Re beats JLT to Carvill big guns
Speculation over the destination of RK Carvill's senior management and core casualty reinsurance broking team was ended after Willis Re outbid rival JLT Re to secure their services.
04 February 2009
Hydra retro cost rises as shipowners face premium hike
Costs of reinsuring the International Group of P&I Clubs (IG) captive Hydra will rise by around 11 percent for 2009, according to sources.
04 February 2009
Newline to unveil Foley as active underwriter
OdysseyRe's Lloyd's vehicle Newline Syndicate 1218 will unveil former Liberty Mutual Insurance Europe (LMIE) executive Phil Foley as its new active underwriter, The Insurance Insider can reveal.
04 February 2009
Willis launches global placement unit
Willis Group Holdings has launched a dedicated unit to co-ordinate global placement strategy in a move it says will both benefit clients and allow it to trade more profitability with insurance carriers.
04 February 2009
Florida writers set for windfall at last
The winds of change could at last be blowing through Florida in favour of the private reinsurance market, as the size of the hole in the state catastrophe fund finances continues to grow.
04 February 2009
Hardy 2008 profits up ‘at least’ 20%, bullish for ’09
Lloyd’s (re)insurer Hardy has issued a bullish trading statement about prospects for 2009 whilst informing investors that its full-year 2008 results will be ahead of market expectations, with profit before tax of “at least £22mn”, buoyed by lower Ike esti
03 February 2009
Starr offering additional North American capacity
CV Starr & Co subsidiary Starr Specialty Lines Insurance Agency has formed an alliance with Zurich Financial Services Group’s US subsidiary Zurich North America Commercial (ZNAC) to offer additional capacity on...
30 January 2009
Argo hires XL execs to run new casualty division
Bermudian (re)insurer Argo Group International Holdings has launched a casualty and professional risks division headed by former XL executive Nigel Mortimer to sit in its Argo Re operation on the island.
30 January 2009
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