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  • Bob Deutsch, the industry veteran and founding CEO of Ironshore Inc, has joined the (re)insurance-focused private equity firm Greenhill Capital Partners as a managing director.
  • Second quarter catastrophe losses and deteriorating estimates from events in Q1 have pushed Platinum Underwriters Holdings Ltd to a $20.4mn net loss for the period, taking the reinsurer's deficit for the first half of 2011 to $177.6mn.
  • Bermuda-headquartered Catlin Group has opened an office in Hong Kong, becoming the latest (re)insurer to expand its offering to the growing Chinese market.
  • The US Securities and Exchange Commission (SEC) has dropped its federal probe into Joseph Cassano, the former head of American International Group (AIG)'s blighted London-based Financial Products division (AIGFP).
  • Reinsurance broker Benfield Group predicted better than expected revenues for 2006 on the back of rising reinsurance rates in 2006 and 2007. In a 12 January trading statement, the broker said that it now expected 2006 turnover to grow by 20 percent...
  • Hardy underwriting has announced the termination of merger talks with fellow Lloyd’s insurer Omega.
  • The much-anticipated - and somewhat delayed - European industry-wide loss index draws closer to fruition with the Swiss incorporation of PERILS AG, a firm established to aggregate European windstorm exposure and loss data.
  • Marsh & McLennan Agency (MMA) has bought US mid-tier independent broker Thomas Rutherfoord for an undisclosed sum, as it continues to build a nationwide business through acquisitions.
  • Lloyd’s insurer Kiln has acquired a 25 percent stake in South Africa’s International Marine Insurance Managers (International Marine).
  • Environmental insurers could be set to benefit from the EU’s new environmental liability directive, according to Valerie Fogleman, partner and head of Environment Group at lawyers Barlow Lyde & Gilbert.