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  • Bermudian (re)insurer Allied World Assurance Company Holdings (AWAC) has repurchased 19.4 percent of its common stock from one of the firm's founding shareholders, American International Group Inc (AIG).
  • Catastrophe risk modelling firm AIR Worldwide has released an update to its US terrorism model to reflect a greater focus on small-scale security threats and a more infrequent chance of attack.
  • The rating agency S&P last week downgraded International Insurance Company of Hannover Ltd to A+ from AA- on concerns that it is no longer a core subsidiary of Hannover Re.
  • New York-listed insurer Tower Group reported a net loss of $52.1mn in the fourth quarter as a Sandy loss of $123mn took its toll
  • As predicted in the February edition of The Insurance Insider, Aon Corp struck a nationwide agreement with US regulators to settle the bid-rigging, kickback and steering investigations into the broking giant. The broker followed its rival MMC in estab
  • Lloyd's insurer Novae Group is continuing to explore options to shed its US legacy liabilities despite recently ending exclusive talks with Bermudian run-off firm Enstar, The Insurance Insider understands.
  • Alterra Managers, a US unit of Bermudian (re)insurer Alterra Capital, has hired Sharebridge Underwriting's Doug Worman.
  • As the reinsurance industry converged on Monte Carlo for the annual reinsurance Rendez-Vous last week, conversations seldom strayed far from Hurricane Katrina. But amidst the champagne and conjecture, there was a general consensus that rates would...
  • Processing giant Xchanging has relocated its Singapore business to a new centre that will serve as its South East Asia headquarters.
  • London-listed Bermuda-headquartered (re)insurer Catlin has widened its options in Europe by launching an FSA authorised operation Catlin Insurance Company (UK) Ltd (Catlin UK).