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  • Airline rates witnessed double-digit falls for the eight consecutive month, with lead hull and liability premiums down an average of 18 percent during May, according to a report by Aon.
  • The long-running commissions dispute which saw RK Carvill sue its former client XL Capital and a number of reinsurers was settled at the end of last month when a US court ruled in favour of the reinsurance broker.
  • Insurance outsourcing firm Axiom Consulting has parted company with CEO Vince Wooding, after a strategic review decided a more commercial approach was needed to drive the business forward.
  • Mergers and acquisitions (M&A) activity has recently become the resurgent trend in the insurance industry, with most action evident in the UK regional broking sector.
  • Last month, Aon confirmed finance chief David Bolger would step down, but it was the continuing suggestions of private equity interest which hogged most of the attention.
  • Resurgent French reinsurer SCOR is facing the threat of a sizable hit from the recent $2bn settlement between (re)insurers and the World Trade Center (WTC) developer Larry Silverstein.
  • The North Atlantic hurricane season, which officially began on 1 June, will present US insurers with a number of legal and meteorological challenges, according to a report by Fitch Ratings.
  • In what is developing into another defining year for the insurance linked securities (ILS) market, a number of significant transactions were concluded in recent weeks highlighting the broadening scope of alternative capital markets...
  • RK Carvill's acrimonious "commissions" dispute with XL Capital has been settled after a US court ruled that the Bermudian insurer should pay $5mn in damages to the reinsurance broker.
  • RenaissanceRe confirmed the launch of its second Florida-dedicated sidecar in another sign that the impact of the state's hurricane catastrophe fund expansion earlier this year may be less severe than first feared.