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  • "Class of 2005" insurer Lancashire Holdings Ltd says it has completed the transition from start-up to specialty global insurer by passing recent catastrophe tests to post a hike in half-year profits.
  • American International Group (AIG) posted record profits for the third quarter of 2003 last week despite higher catastrophe losses and a $2bn increase in reserves.
  • Tough market conditions that are providing reinsurers with the "sternest possible test" of their enterprise risk management (ERM) are likely to lead to a number of rating outlook changes, according to credit agency Standard & Poor's (S&P).
  • Talbot is expected to announce within days that it has found a buyer in Bermudian (re)insurer Validus Holdings Ltd (Validus). The Insurance Insider revealed in its May issue that Validus has emerged as the front-runner to buy the Lloyd’s managing agency.
  • Elevated weather-related claims hit Allstate's bottom line during the first quarter, as operating earnings declined by 9.1 percent to $558mn or $1.30 a share compared to $647mn or $1.35 a share in the prior-year period.
  • 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.
  • While Bermuda attracts $8bn of fresh capital post 11 September, investors are less confident about backing the Lloyd's market While Bermuda basks in almost $8bn of new, post 11 September capital, Lloyd's insurers are scrambling around to ensure they ca
  • Listed Lloyd’s (re)insurer Brit Insurance Holdings has hired Ben Maidment as Privacy, Cyber and Technology underwriter for its US PI team, which is headed by Janet Henderson.
  • The plane crash in Indonesia earlier this month, was the sixth aviation accident since the beginning of August. Six crashes in as many weeks may appear freakishly high frequency but industry experts are remaining calm as the figures balance out in the...
  • Munich Re led the innovative $110mn reinsurance programme for the World Bank-sponsored Caribbean Catastrophe Risk Insurance Facility (CCRIF), which went on risk for 16 countries in the region on 1 June.