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State Street litigation sparks E&O fears
The sub-prime related professional liability (PL) litigation faced by US financial services firm State Street Corp has set alarm bells ringing among errors and omissions (E&O) insurers.
14 January 2008
December sees $1.1bn in new cat bonds
Issuers of natural catastrophe bonds finished 2007 strongly, with four cat bonds brought to market, totalling $781mn and EUR200mn.
14 January 2008
Reinsurance prices continue to slide
Competition has forced reinsurance rate reductions of up to 15 percent at 1 January as the industry shows signs of reverting to its historic pattern of "feast and famine", according to leading market players.
14 January 2008
Kiln extends marine reach with agency acquisition
Lloyd's (re)insurer RJ Kiln & Co has strengthened its international network of marine and cargo business with the acquisition of The International Marine (Underwriting Agency) Limited (IMUA).
14 January 2008
US plea bargains raise indemnity and D&O exposures, warns Marsh
UK executives have been warned about the impact US plea bargains could have on indemnity and directors’ and officers’ (D&O) insurance.
14 January 2008
Guy Carpenter to open Prague office
Reinsurance broker Guy Carpenter is to set up an office to capitalise on the growing central and eastern European market.
14 January 2008
More Atlantic basin storms does not mean landfall increases: AIR
The US did not "dodge a bullet" in the 2007 hurricane season, by escaping with minor damage from the landfall of Hurricanes Dean and Felix, according to risk modelling firm AIR Worldwide Corporation (AIR).
14 January 2008
FSA appoints Dewar in wholesale role
UK regulator the Financial Services Authority (FSA) has appointed Sally Dewar as new managing director of wholesale.
14 January 2008
Asbestos liability (re)insurer in Bermuda launch
Bermudian corporate asbestos liability risk reinsurer St George Re is set to begin trading offering US companies protection against asbestos claims, the company confirmed.
14 January 2008
Aon makes new Willis construction appointment
Aon Corporation has made another significant US construction hire from rival Willis with the appointment of Mary Ann Krautheim as national client strategy officer.
14 January 2008
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