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Citizens appoints Benfield to buy Florida cat cover
The key Florida property cat market provided a boost for the reinsurance sector with state insurer Citizens Property Insurance Corporation’s decision to return to the private market for cover.
06 May 2008
Legal Briefings
Our monthly column keeping a check on recent US and EU legislative and regulatory developments, in association with Sidley Austin LLP
06 May 2008
Benfield also looks at pensions in cost drive
Benfield Group's efficiency drive has extended to the firm's prestigious pension scheme, with the company launching a consultation on reducing its contributions.
06 May 2008
ILS issuance to shrink in 2008: S&P
New issuance of catastrophe bonds and sidecar capacity in 2008 will be less than the record levels in 2007, due to low cat losses and softening traditional markets, predicted ratings agency Standard & Poor's (S&P).
06 May 2008
Broker cost cutting takes gloss of revenue growth
Giant Marsh & McLennan Companies, which was due to report as The Insurance Insider goes to press, has a tough act to follow with its two main broking rivals Aon Corp and Willis Group booking Q1 revenue growth despite...
06 May 2008
RBS Insurance sparks £6bn+ run on the bank
With Royal Bank of Scotland's advisers poised to issue sale particulars, there is a rush of interested parties. But who will win the £6bn+ race?
06 May 2008
Reserve releases 'not sustainable'
The double digit reserve releases reported by a number of Bermudian (re)insurer's in 2007 are unlikely to continue, according to a report by ratings agency AM Best.
06 May 2008
Mining losses mount on BI inflation
(Re)insurers will need to dig deep on unprecedented losses fuelled by record commodity prices
06 May 2008
Heath's wholesale spin-off under threat
Heath Lambert's proposed sale of its wholesale operations could be endangered by opposition from at least one key executive.
06 May 2008
Europe responds to protect subscription market
London market has most to gain by joined-up response to EC's scrutiny of co-insurance
06 May 2008
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