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  • Electronic reinsurance trading platform RI3K has cut its prices by 80 percent in a move it described as "effectively sponsored" by Aon.
  • Sphere Drake’s 8 July victory in the UK High Court over exposures to workers’ compensation carve-out reinsurance has forced the Lloyd’s broker Stirling Cooke Brown Insurance Brokers Ltd into administration.
  • The US commutation Rendez-Vous - organised by the UK run-off firm Cavell and the US run-off association AIRROC - looks set to attract more than 200 delegates to its inaugural event later this month in New Jersey.
  • Benfield’s head of aerospace reinsurance, Stephen May, is set to leave the group only weeks after it was announced the company would be the co-broker on an innovative $250mn space consortium. According to the broker, May will leave the company...
  • Start-up European reinsurer Glacier Re has added to its pool of underwriting talent with the appointment of Franco Masciovecchio as senior underwriter on its property and energy portfolio.
  • Expansive Lloyd's insurer Jubilee has officially launched its global property business under the leadership of former Travelers underwriter Martin Pope - a move predicted by The Insurance Insider last July.
  • Steve Taylor, business development officer for Gallagher Re, is leaving the reinsurance broker to join one of its clients, WR Berkley Corporation.
  • RSA will take a net loss from adverse UK weather conditions in June and July to date of roughly £50mn across its UK household, motor and commercial property portfolios
  • Platinum Underwriters has notified investors that it expects net cat losses of $24.8mn from events in the first quarter of 2012.
  • New York-listed insurer State Auto has incurred $19mn-$21mn of pre-tax cat losses in the first quarter of the year, the firm said