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PCI warns of deteriorating US P/C profits
A slump in underwriting results in the US property/casualty insurance industry dented its profitability last year, according to Insurance Services Office (ISO).
14 April 2008
China Re opens London office
State-owned reinsurer China Re has opened a representative office in London.
14 April 2008
Gen Re chief Brandon resigns
The chairman and CEO of General Re Corp, Joseph Brandon has resigned.
14 April 2008
FSA chief disappointed by pace of US collateral reform
Hector Sants, CEO of UK regulator the Financial Services Authority (FSA), has criticised the US' current rules on collateral for foreign reinsurers and bemoaned the slow pace of regulatory reform in the country.
14 April 2008
Mixed response to overhaul of US regulation
Moves by the US government to overhaul its financial regulations and create a federal insurance regulator have provoked a mixed response from the industry.
14 April 2008
Benfield wins Louisiana Citizens account
Reinsurance broker Benfield has won the Louisiana Citizens Property Insurance Corp account from rival Guy Carpenter in a beauty parade that also included Aon Re Global.
14 April 2008
Busher to head Montpelier Re Europe
Thomas Busher is to head the European operations of Montpelier Re.
14 April 2008
Erinaceous goes into administration
Erinaceous Group Plc has announced it will be selling its insurance division, Erinaceous Insurance Services Ltd, to one of its lenders after entering into administration.
14 April 2008
QBE blasts Australian Exchange for ‘conflict of interests’
The chairman of Australian insurer QBE Insurance Holdings blasted the Australian Stock Exchange for its "conflict of interests" following volatility in the company's share price which he blamed on short sellers.
14 April 2008
Judge upholds Florida's Allstate bar
A US federal appeal judge has upheld the decision by Florida's insurance regulators to bar Allstate Corp from writing new business in the state.
14 April 2008
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