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Slow trading at Lloyd’s capacity auctions
The total volume of capacity traded in Lloyd’s auctions ahead of the 2009 year was the lowest since the process was introduced in 1995, according to members’ agent Argenta Private Capital.
07 October 2008
Heavy H1 claims drag US p/c insurers to underwriting loss
Heavy claims in the first half of 2008 have pushed the US property casualty insurance industry to an underwriting loss of $5.6bn for the period, and a combined ratio above 100.
07 October 2008
Crop picture improves
After a miserable year-to-date for industrial and weather-related losses, (re)insurers’ worst fears following US Midwest flooding in June at least appear misplaced.
07 October 2008
Solvency II a casualty of global chaos?
The financial markets meltdown – which has led to the rescues of American International Group, Fortis and a capital raising at The Hartford – could have “political consequences” for Solvency II, but experts say...
07 October 2008
Kiln to reinsure with Tokio-backed new syndicate
Lloyd’s (re)insurer RJ Kiln and Co is to form a new syndicate for the 2009 year of account, The Insurance Insider understands.
07 October 2008
Bermuda Lloyd’s invasion set to continue
Flagstone Reinsurance Holdings Ltd is set to become the latest Bermudian to establish a Lime Street presence with the acquisition of a Lloyd’s platform, The Insurance Insider can reveal.
07 October 2008
AIG sale process begins
American International Group’s (AIG) enforced metamorphosis from a global financial services firm to what its new chairman and CEO Edward Liddy hopes will be a “smaller but more nimble company that is solidly profitable and has attractive long-term growth
07 October 2008
Buffy - From daffodils... to AIG
Buffy and his correspondent join us from the Digest of Lloyd’s News, Oliver Carruthers’ splendid journal on Lloyd’s affairs...
07 October 2008
Dead cat traders fear Ike is over $10bn
Despite initial estimates of $8.1bn, (re)insurers and investors are continuing to bet that the final loss for Hurricane Ike will eventually climb to over $10bn.
07 October 2008
US run-off industry converges on NY
The annual migration of the US legacy business to the fringes of New York occurs this month with the melt-down in the financial markets and the implications for (re)insurers the inevitable main topics of conversation.
07 October 2008
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