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  • Lloyd’s insurer Wellington has announced its results for the 2002 year-of-account, an updated forecast for the 2003 year-of-account as well as an initial forecast for the 2004 year-of-account.
  • A further three employees have pleaded guilty to criminal charges in connection with bid-rigging investigations by New York attorney general Eliot Spitzer.
  • 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.
  • Catastrophe modelling firm EQECAT has estimated that insured losses caused by Hurricane Humberto will be less than $1bn.
  • 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.
  • Last Friday (13 January) saw the launch of specialist lines underwriting agency Amalfi Underwriting Ltd in the London market, with a target to write $25mn of premium income in its first year.
  • As well as cutting 2008 capacity on Lloyd's syndicates, a number of the market's listed insurers have already begun to hand capital back to shareholders - a pattern likely to continue this year...
  • Independent (re)insurance broker BMS Group reported a 2 percent upturn in 2005 pre-tax profits to £4.5mn earlier this month.
  • 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.
  • Symetra - the former Safeco spin-off life and health insurer that counts White Mountains Insurance Group and Berkshire Hathaway among its major investors - has filed for a $575mn initial public offering (IPO).