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Motor and environmental liability laws coming into line across EU
The laws of European Union countries are moving into line as the effect of insurance directives increases, according to a report by reinsurance broker Guy Carpenter and legal firm DLA Piper.
29 May 2007
PartnerRe acquires MCR renewal rights
Bermudian headquartered PartnerRe confirmed last week that it has acquired the international reinsurance renewal rights of Mutuelle Centrale de Reassurance (MCR).
29 May 2007
Marsh announces Oman joint venture
Marsh Inc has announced the creation of Marsh Oman LLC, a joint venture with the Omani business Zubair Group.
29 May 2007
Energy market to soften further, Willis
Increased capacity and a low loss record are combining to soften the energy market and prices will fall "a good deal further" in the absence of catastrophe losses, according to a report published by Willis Group Holdings last week.
29 May 2007
Greenlight stock leaps 21 percent following IPO
Shares in Greenlight Capital Re leapt 21 percent after its debut on the Nasdaq electronic exchange trading exchange last week.
29 May 2007
Ark launches terrorism, war and political risk
Lloyd’s start-up Ark Syndicate Management has launched its terrorism, war and political risk business with former Wellington underwriter Simon Low at the helm.
29 May 2007
Heritage to add international treaty team
Lloyd's insurer Heritage Underwriting Agency plc is to add an international treaty team later this year headed by former Ascot underwriter James Braddock.
29 May 2007
S&P highlights diversification in updated capital model
Rating agency Standard & Poor's (S&P) has updated its insurance capital model to include an explicit allowance for diversification.
29 May 2007
Ironshore opens US casualty platform
Ironshore Inc has made its entry into the professional liability sector with an onshore US platform, a move predicted by The Insurance Insider earlier this month.
29 May 2007
Trial of 'Independent Three' finally reaches court
The long-awaited trial of the ‘Independent Three’ – the former directors of the collapsed UK insurer Independent Insurance - is set to start tomorrow (30 May) at Southwark Crown Court, London.
29 May 2007
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