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London market underestimates rate softening
Around three-quarters of London market insurers believe they will underestimate the impact of rate softening, according to a report from Ernst & Young (E&Y).
23 June 2008
Aon opens Middle East HQ in Dubai
Aon Corp's Middle East division has opened a regional headquarters in the Dubai International Finance Centre (DIFC), after being granted a license to operate within the DIFC.
23 June 2008
Precedent-setting case urges more caution, says Ince & Co
Previous contracts are likely to play an increasingly large role in legal cases following a precedent-setting case involving a policy taken out by Standard Life, say insurance law experts Ince & Co.
23 June 2008
Bermuda to reclassify Class 3 (re)insurers
The Bermuda Monetary Authority (BMA) is proposing a reclassification of Class 3 (re)insurers into sub-classes because of the increasingly broad range of carriers attracted to the island.
23 June 2008
Hyperion sees profits rise by 15 percent
Hyperion Insurance Group Ltd has announced that its 2007 operating profit increased by 10 percent to £6.5mn, compared to £5.9mn in 2006.
23 June 2008
Qatar woos (re)insurers with electronic trading platform
Qatar has staked its claim to be the leading centre for insurance in the Middle East with a move to launch an electronic trading platform later this year to service the sector.
23 June 2008
Citigroup woes point to credit crunch 2.0: comment
Those recent glimmers of hope for the downtrodden financial markets appeared to be snuffed out last week in what was another torrid time for the banking sector.
23 June 2008
XL chief set to head $720mn energy start-up
Former CEO of XL insurance Clive Tobin is set to front energy start up Torus Insurance Holdings Ltd (Bermuda), which has been formally launched today (Monday), The Insurance Insider has learnt.
23 June 2008
Torus launches with $720mn from First Reserve
With $720mn backing from energy sector specialist private equity firm First Reserve Corporation, Torus Insurance Holdings Limited (Bermuda) has formally launched in time for a 1 July start, as predicted by The Insurance Insider.
23 June 2008
RMS launches risk trading platform
Risk modelling firm Risk Management Solutions (RMS) aims to boost investment in the insurance linked securities (ILS) market with an electronic ILS portfolio management platform.
23 June 2008
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