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US Senate rejects federal wind damage coverage
The US Senate has rejected moves to add wind coverage to the federal programme that provides flood insurance.
12 May 2008
IFEX gets green light to margin trade in US hurricane season
Trading risk platform Insurance Futures Exchange Services (IFEX) is to facilitate margin trading during the North Atlantic wind season - in a move that may encourage greater activity on the derivative exchange.
12 May 2008
Greenshoots of recovery continue in airline market
Signs of recovery in the hard-pressed airline market are continuing with a 16 percent increase in April's hull and liability premium, according to Aon Aviation's latest report into the sector.
12 May 2008
Hiscox premium income falls 10 percent
Bermuda-headquartered Lloyd's insurer Hiscox Ltd has dropped its premium income by 10 percent this year as it sticks to its guns about underwriting discipline in the soft market.
12 May 2008
Analysts upbeat on Munich Re despite Q1 major loss impact
Munich Re's first quarter profits dipped 19 percent as it took a EUR578mn hit in its reinsurance division from the spate of major losses hitting the market in the period.
12 May 2008
Japanese quake cat bond next as ILS pipeline builds momentum
Despite a slower than expected start to insurance linked securities (ILS) issuance in 2008, the pipeline of cat bond deals is again filling up, with a renewal of a Japanese quake bond expected to close shortly.
12 May 2008
EC 'welcomes' industry's co-insurance response
The European Commission (EC) has finally given public backing to the industry's response to concerns surrounding co-insurance, or subscription, market practices.
12 May 2008
SEC to distribute AIG settlement
The US Securities and Exchange Commission (SEC) is to begin distributing over $800mn to American International Group (AIG) shareholders as part of the giant's settlement with regulators.
12 May 2008
UK government warned on tax regime
The UK Treasury is under renewed pressure to create a more favourable tax regime for businesses or face an exodus of corporations to overseas domiciles.
12 May 2008
AWAC profits from 'disciplined' Q1
Allied World Assurance Company Holdings Ltd (AWAC) said underwriting discipline helped net income grow by $17mn in the first quarter of 2008, compared to the prior-year period.
12 May 2008
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