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  • Independent reinsurance broker RK Carvill has announced that it is to cease placing or renewing any new treaty business incepting after 1 April 2009, The Insurance Insider has learned.
  • With reinsurers attention increasingly focussed on protecting precious capital on balance sheets, buyers of retro look like facing some of the tightest market conditions of recent years.
  • Florida CFO Alex Sink is due to meet with Bermudian reinsurers in mid-December to examine the possibility of increasing protection for the state’s vulnerable hurricane cat fund with a placement in the private reinsurance...
  • I had not expected to meet Buffy at the pre-Christmas sales. I thought of ducking behind the cosmetics counter, but it was too late, and to have been discovered in such circumstances would have been humiliating...
  • A 2007 ruling that Lloyd's Syndicate Limit No 2 misrepresented its policy in two facultative reinsurance contracts with AXA (then Albingia) was overturned by the Court of Appeal on 13 November in a judgment that...
  • A US District Court has ordered Aon Ltd, a division of Chicago-based insurance broking giant Aon Corporation, to pay $24mn to United National Insurance Company (UNIC) for misrepresenting reinsurance risks in the 1990s.
  • Structural issues and confusion over pricing levels have stalled any new catastrophe bond issuance for the remainder of 2008, leaving investors searching the secondary market to deploy excess capital.
  • Aspen Insurance's $100mn 2007 earthquake cat bond Ajax Re, which has been downgraded by both AM Best and S&P on the back of the Lehman Brothers bankruptcy has suffered a further blow after investors...
  • Property Claim Services (PCS) raised its estimate for onshore insured losses from Hurricane Ike by just over 30 percent to $10.655bn, but the figure continues to conflict with loss projections from within the industry.
  • Lloyd’s executives past and present are represented in a working group of ten top insurance executives in the UK finance ministry convened by Her Majesty’s Treasury (HMT) to consider key issues...