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  • Critical issues surrounding the extension of the Terrorism Risk Insurance Act (TRIA) due to expire on 31 December need urgent attention if a bill is to be effective, according to a leading risk modelling firm.
  • Typhoon Neoguri is losing strength after hitting Japan's southern Okinawa islands with torrential rain and strong winds
  • A series of decisions made by BP in the two weeks leading up to the Macondo blowout compromised the integrity of the well, and compounded the likelihood of its failure, according to an internal report released by Deepwater Horizon rig owner Transocean today (22 June).
  • Although Aon Corp's audacious swoop for rival Benfield's facultative team continues to generate acrimony between the two firms, the UK-headquartered reinsurance broker has begun the process of recruiting new talent.
  • Aon Benfield has estimated that insured losses for the powerful tornado outbreaks that struck the US in April and May total $15bn - nearly three times the 1990-2010 annual average for severe weather losses.
  • Lloyd's published an update to its rolling three-year strategic plan last week, highlighting achievements since its launch at the start of 2006, but warning of soft market challenges, and work required to improve efficiencies in the market's operating env
  • Analysts have reacted positively to last week's news that German insurance giant Allianz Group is to cut 7,500 jobs as part of what the company termed a "restructuring and modernising" of its business processes.
  • US active and run-off specialist Citadel Risk Management has acquired “substantially all” of US broker Arthur J Gallagher’s reinsurance run-off portfolio
  • Argenta Syndicate 2121 has become the latest addition to the Lloyd's Asia hub, as the parent of the Lloyd's insurer revealed it has parted company with Richard Yeo - the active underwriter on its existing Singapore-based Syndicate 1965.
  • EU hints on intervention; Bermuda’s Maiden reinsurer poised for $500mn+ IPO; Court dismisses major US RICO suit; AmWINS withdraws IPO; Ariel Re buys US admitted carrier...