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  • French reinsurer SCOR has announced the completion of a platform for electronic data exchange with reinsurance broker Benfield.
  • As exclusively revealed by Insider Week on 24 July, Aeolus Re will become the latest reinsurer to begin operations on Bermuda following the raising of $500mn of capital.
  • German reinsurer R+V returned to the Royal Courts of Justice last week as it attempts to establish the quantum of liabilities due from the controversial, Lloyd's based managing agency Risk. The case, on which The Insurance Insider has reported...
  • Brokers face rising demand for their services because of the increasing complexity of risks, according to the latest Sigma study from European reinsurer Swiss Re.
  • Net income at giant European insurer Axa grew by more than 300 percent from last year's figures to EUR4bn during the first half of 2011, as one-off gains helped boost performance
  • Catastrophe modelling agency Risk Management Services (RMS) has warned that a large earthquake striking near the Chinese capital Beijing could cause $100bn in (economic) damages.
  • Bermudian start-up reinsurer Validus has announced it is entering into a $300mn syndicated credit agreement. The transaction consists of a $100mn Senior Unsecured 364-Day Revolving Credit Facility and a $200mn Senior Secured Three-Year Letter of...
  • The Travelers Companies and The Hartford Financial Services Group both resolved legacy disputes in July, and reported strong second quarter results.
  • Guy Carpenter has brought in Bank of America Merrill Lynch alumnus Christopher Ezbiansky to run the US part of its M&A arm, GC Securities
  • As securities class actions against beleaguered investment bank Bear Stearns begin to mount, The Insurance Insider revealed that US insurer Chubb insures the first $15mn excess of $25mn layer of the bank's $75mn...