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PCS updates Ike cost to $11bn
Property Claim Services (PCS) has raised its estimate for onshore insured losses from Hurricane Ike by just over 30 percent to $10.655bn.
05 December 2008
US government set to move closer to AIG exit with restructuring plan
American International Group (AIG) and the Obama administration are moving closer to a restructuring plan that would pave the way for the US Treasury to make a final exit from the insurance giant.
29 September 2010
BP gets preliminary nod for $7.8bn private plaintiff settlement
BP has won preliminary approval from a New Orleans court for an estimated $7.8bn settlement agreement to resolve claims by private sector plaintiffs over damages arising from the 2010 Deepwater Horizon incident.
08 May 2012
Investment gains offset underwriting loss at Argo
The combination of a benign first quarter for cats and favourable reserve development was not enough to push Argo to an underwriting profit, with only investment income and gains helping the firm into the black for the first quarter.
08 May 2012
Aviva CEO Moss resigns after remuneration fracas
Aviva shares opened up this morning (8 May) after it was revealed that CEO Andrew Moss had resigned after almost five years in the job, and just days after shareholders voted down plans for executive pay
08 May 2012
Goddard joins ProSight as non-exec
Lloyd's fledgling ProSight Specialty Underwriters has announced the appointment of Peter Goddard as a non-executive director with immediate effect
22 May 2013
IXIS finally launches Pentelia with $600mn
It was at least a year in development, but Paris-based IXIS Corporate and Investment Bank has finally launched its new Bermudian reinsurer and insurance linked securities fund with some $600mn of capital.
30 April 2007
Fairfield MGA start-up lures Ryan exec
Adam Barker, one of the executives to break away from HCC Global (HCCG) to join Ryan Specialty Group's (RSG) nascent London operations, has left the firm by mutual consent, The Insurance Insider can reveal.
06 December 2010
Investments offset underwriting loss at Argo
A reversal of the catastrophe climate year on year and a swing to favourable reserve developments was not enough to push Argo to an underwriting profit, with only investment income and gains helping the firm into the black for the first quarter.
08 May 2012
Federal judge backs State Farm over Katrina claims
Fears that the insurance industry would find itself penalised in the US courts if they declined Hurricane Katrina related payments were again soothed last week when a federal judge said State Farm should not have to pay more than a policyholder’s actual l
13 November 2006
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