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  • Florida might seem an unusual place to embrace socialism, but the state's effective nationalisation of its hurricane cat programme last month has continued to reverberate...
  • The first sign of the magnitude of last month’s Florida legislation for reinsurers emerged with Bermudian RenaissanceRe paring back growth targets for 2007 managed property cat reinsurance by 20 percent...
  • Up to 30 percent of property cat profitability 'eliminated'
  • Although Benfield's share price has shown a moderate recovery in recent days, its 13 percent slump as news broke of Florida's legislative intervention brought into sharp relief the negative earnings impact...
  • UK insurer prepared to retain minority stake
  • Although Europe suffered its biggest windstorm since 1999 as Kyrill blew across it in January, the continent's largest reinsurers remained miles apart in counting its cost.
  • Fuelled by its acquisition of GE Insurance Solutions (GEIS), Swiss Re reported a 14 percent increase in business at the January renewals, the equivalent of SFr1.3bn.
  • Endurance Specialty Holdings Ltd booked year-on-year premium growth in excess of 10 percent as it reported 2006 net profits of $498.1mn and record annual return on equity (ROE) of 25.6 percent.
  • Lloyd's insurer Beazley Group plc has announced that it will begin underwriting US commercial property business on an admitted basis.
  • Market information and analysis firm Advisen Ltd has teamed up with messaging specialist Web Connectivity Ltd to launch, Easy Placement, a web-based software programme that enables brokers to...