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  • The International Group (IG) of protection and indemnity (P&I) clubs has announced that it is to increase the individual retention of its member clubs to $9mn at the next renewal on 20 February 2013.
  • Broker Aon has called for P&I (protection and indemnity) clubs to remove war risks exclusions to allow shipowners greater certainty over coverage should they be subjected to piracy attacks.
  • Exclusive analysis of UK dispute filings
  • Andrew Annandale has been appointed managing director of Argenta Syndicate Management Ltd, the group's managing agency - in a move designed to support new start-ups.
  • Marsh & McLennan and Willis Corp revealed last month that US regulators have eased restrictions on them charging contingent commissions, or Placement Service Agreements, when the broker is acting as agent of the (re)insurance seller, rather than as a repr
  • Brit Insurance Holdings PLC has renewed its binding authority agreement with Augsburg Re.
  • Lowered LSAs reflect poor performance and pipeline losses In the second yearly review of its Lloyds Syndicates Assessments (LSAs), rating agency Standard & Poor's has lowered its assessments on 10 syndicates and raised two, reflecting on the “poor oper
  • CIGNA’s inability to hedge its exposures to variable annuity death benefit contracts (VADBEs) have cost the embattled US health insurer a further $300mn.
  • Shares in Bermudian (re)insurer Aspen Insurance Holdings ltd have jumped by more than 10 percent in early trading after the group’s record full year net income rose by nearly a third on the same 2006 period.
  • Listed insurer Hiscox is awaiting Lloyd’s approval for its planned Bermudian sidecar, which, Insider Week can reveal, will be called Panther Re.