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Travelers 'fine tunes' investment outlook
US insurer The Travelers Cos Inc has said that a "fine tuning" of its projected investment income should see operating earnings at the lower end of previous forecasts this year.
27 May 2008
Heritage maintains syndicate forecasts
Lloyd's insurer Heritage Underwriting Agency plc, which was acquired by Bermudian Argo International Group earlier this year, has maintained its previous forecasts on its Lloyd's syndicates.
27 May 2008
Omega defies gloom with upbeat trading message
Shrugging off a number of downbeat trading statements from rival Lloyd's insurers, Omega Insurance Holdings Ltd said last week that it is confident about its 2008 performance following a strong quarter.
27 May 2008
Quake to cost Chinese insurers a mere $43mn, says regulator
The recent devastating earthquake in China's Sichuan province will cost the country's insurers a mere $43mn, according to the China Insurance Regulatory Commission (CIRC).
27 May 2008
Catlin UK chief replaced
Andreas Loucaides has resigned from Catlin Insurance Company UK Ltd after four years as its CEO.
27 May 2008
Seaton and Stonewall appeal jurisdiction ruling
The private equity backed run-off insurers Seaton Insurance Co and Stonewall Insurance Co have appealed against a decision earlier this month in a New York court which prevents them from pursuing a claim against a Randall & Quilter (R&Q) affiliate in the
27 May 2008
Texas to buy $1.5bn cover as hurricane season looms
The Texas Windstorm Insurance Association (TWIA) is set to buy $1.5bn in reinsurance cover with this year's North Atlantic hurricane season only days from its official start.
27 May 2008
Bidders whittle down in RBS' £6bn+ auction
There are thought to be around six to seven serious bidders in the running for Royal Bank of Scotland's insurance operations (RBSI) as the deadline for the first round of bids closes tomorrow.
27 May 2008
Flagstone and Glacier set to issue cat bonds
"Class of 2005" reinsurer Flagstone Reinsurance Holdings and Swiss headquartered reinsurer Glacier Re have cat bonds totalling $300mn in the capital market awaiting pricing, The Insurance Insider can reveal.
27 May 2008
Lessons from credit crunch could end FSA's 'light touch'
The UK's Financial Services Authority (FSA) may call time on its "light touch" after reviewing its position following fall-out from the credit market turmoil.
27 May 2008
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