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  • US insurer Allstate appears to be emerging as the only serious contender in the auction of Royal Bank of Scotland’s (RBS) insurance operations as Friday’s bid deadline draws close.
  • Despite fears of a difficult 2006 renewal for the International Group of P&I clubs with predicted 20 percent plus rises in reinsurance as the programme was hit by hurricanes and shipping accidents, the reality was much more benign, according to broker...
  • The legend goes like this: a man asked the omniscient J. P. Morgan what was in store for the stock market. “It will fluctuate,” was Morgan's self-evident, but wise, answer. This leads us to the question: what's in store for the insurance market? It
  • Arch increased its top line by 9.1 percent in the first quarter of 2013, driven by an aggressive expansion of its reinsurance book.
  • The departures from Aon Natural Resources & Construction in London has continued with a number of key staff tendering their resignations recently, including Derek Thrumble.
  • A benign quarter for cat losses helped Validus Holdings boost its third quarter underwriting profits by 16.5 percent to $143.1mn.
  • The head of Standard & Poor’s (S&P) has stepped down just weeks after reports that the European Commission is set to investigate the role of rating agencies in the ongoing sub-prime crisis.
  • Lloyd’s has announced that Lord Levene will serve a second term as chairman of the corporation.
  • Lloyd’s insurer Hiscox became the latest carrier to warn over the slide in US D&O rates last week. Hiscox, which dipped a toe into the market following the sector’s significant rate rises in 2002, explained “this is a very small business for us and wil
  • French Investment bank and private asset manager Natixis has ruled out suitors AXA, Covea and Groupama as potential buyers of its insurance division, Natixis Assurances, because their price tag was too low, according to reports in the French media.