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  • The Association of Insurance and Reinsurance Run-Off Companies’ (AIRROC) third annual Rendez-Vous began today (15 October) in New Jersey with a record number of delegates in attendance.
  • Marsh & McLennan Companies (MMC) has agreed to sell its underperforming corporate investigations arm Kroll Inc in a heavily discounted $1.13bn all cash deal to Altegrity - the firm run by its former CEO Mike Cherkasky.
  • If the European insurance sector can sustain healthy balance sheets and profitability, upgrades are likely in 2006, said rating agency Standard & Poor's (S&P) in its latest report card on the industry released today (18 April).
  • American International Group's (AIG) share price has fallen a further 30 percent in pre-market trading to below $9 this morning as investors digested the collapse of Lehman Brothers this weekend amid fears that the Federal Reserve may be reluctant to step
  • The Chicago Mercantile Exchange (CME) has traded $30mn notional limit of its CHI hurricane cat futures in the first weeks of 2009, as reinsurance broker Carvill withdraws from the initiative which it founded in 2007.
  • UK-listed Chaucer Holdings plc became the latest Lloyd’s insurer to announce a decline in profits due to the weak dollar when it released its interim results today (11 September).
  • Loss estimates continue to flow in as the (re)insurance industry feels the impact of UK floods that could cost carriers in excess of £3bn.
  • The Lloyd's Names on Munich Re-backed Syndicate 318 have resoundingly rejected the reinsurer's offer to buy up 100 percent of capacity for the 2012 year of account.
  • The trial of three former Independent Insurance executives is drawing to a close in London with the jury expected to start considering its verdict by 21 October, according to the Serious Fraud Office (SFO).
  • Bermudian reinsurer Platinum Underwriters posted solid 2008 results last week, which saw it navigate the dual trials of Hurricane Ike and the second half investment meltdown relatively unscathed.