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  • Validus Holdings Ltd and Greenlight Capital Re Ltd have become the third and fourth reinsurers formed after Hurricane Katrina to confirm plans for initial public offerings (IPO).
  • Lockton International, the former international operations of insurance broker Alexander Forbes, has swooped for the head of Marsh’s financial and professional lines operations, Neil Nimmo.
  • Hannover Re is set to take a EUR64mn ($87mn) net loss from Hailstorm Andreas, which caused significant damage in Germany in late July, the reinsurer said today (17 October)
  • The (re)insurance industry's excess capital position tends to dominate conversations on the rating environment in the sector.
  • Judgment to examine whether excess of loss reinsurers can expect a 'duty of care' from direct insurers The long running Aon77 energy dispute, which has been in court since the end of 2003, is nearing resolution, with legal teams believed to be preparin
  • Bermuda could be set for further M&A activity as billionaire investor Wilbur Ross said he is looking at buying and merging reinsurance companies with market caps of $1bn-$2bn.
  • The London Market is missing out on millions of pounds in savings because of its failure to embrace new technology that would speed up business processes. At the ACORD Forum on 20 October, London was described as resistant to change and slow to act...
  • A repeat of the 1927 Great Mississippi Flood - the largest flood disaster in US history could cost up to $160nn in economic damages if it happened today, according to catastrophe modelling firm Risk Management Solutions (RMS).
  • Allianz has a 10 percent share of the slip for the Spanair McDonnell Douglas MD-82 that crashed at Madrid airport on Wednesday, claiming 153 lives.
  • Lloyd’s insurer Heritage Underwriting Agency Ltd has bolstered its underwriting executive with the appointment of the Lloyd’s Japan chief executive James Sardeson.