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  • Early reporting Lloyd's (re)insurers offered results hit by the year's heavy cat claims and difficult investment conditions.
  • In contrast to the familiar pattern of capital-strong Bermudians boosting figures in the soft market with reserve releases, White Mountains Insurance Group took a $51mn Q2 hit as a result of adverse development in its reinsurance business.
  • Hiscox Bermuda CEO and chief underwriting officer Robert Childs is to return to London and be replaced by Imagine Group Holdings Ltd's head of underwriting, Robert Forness.
  • American International Group (AIG) has been stung by the first wave of high profile departures at Ascot Underwriting, the Lloyd's managing agency it bought out last month.
  • Later this month, potential acquirers of a EUR100mn German run-off portfolio should receive information packs which will enable them to price their interest.
  • Randall & Quilter's appetite for acquisitions shows no sign of waning with the group's founding CEO Ken Randall eyeing "numerous opportunities".
  • The scheme of arrangement on the four EW Payne Pools was finally approved in the UK High Court last month.
  • Despite agreeing a deal with SCA and regulators to shed the majority of its $65.7bn pre-IPO notional exposures to the bond insurer, XL is still on the hook for potential liabilities under guarantees that were around $1.1bn in notional value at the end of
  • Mangrove Bay has become the first major contingent capital facility issued by a non-life (re)insurer to be called upon after the Bermudian (re)insurer confirmed last month that it would be exercised.
  • An inevitable sign of the times is that insurers are seeing their revenues either flat or falling – a trend that featured heavily in AM Best’s table of top US property casualty writers.