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Aviation rates continue double-digit decline
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.
11 June 2007
US court supports broker in XL commissions dispute
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.
11 June 2007
Axiom axes Wooding after failed sale
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.
11 June 2007
Distribution hunger continues unsated
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.
11 June 2007
Aon lifts on continuing bid speculation
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.
11 June 2007
SCOR facing WTC blow
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.
11 June 2007
Hurricane season to challenge US insurers
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.
11 June 2007
AXA motors with EUR450mn securitisation
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...
11 June 2007
RK Carvill wins XL reinsurance dispute
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.
11 June 2007
RenRe launches $375mn Starbound II
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.
11 June 2007
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