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  • Lloyd's has strengthened its ties in the fast growing Asian markets with the launch of a Malaysian subsidiary.
  • 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.
  • Lloyd’s insurer Beazley Group plc has doubled its Katrina loss estimate to $100mn and estimated further losses of $30mn to the group from hurricanes Rita and Wilma. In a statement to the London Stock Exchange this morning, Beazley explained that...
  • Hiscox plc has become the first Lloyd’s insurer to carry out a sidecar transaction, confirming its Syndicate 33 has entered into a quota share reinsurance arrangement with $360mn Bermudian reinsurance vehicle Panther Re, a deal first revealed in the Octob
  • Bermudian reinsurer PXRE announced on 22 December that Robert P Myron has been promoted executive vice president, chief financial officer and treasurer of the group, replacing John Modin. Modin has chosen to pursue other opportunities, with his...
  • The dispute between New Zealand's Earthquake Commission (EQC) and domestic insurer Tower over the residential damage bill from the second Christchurch earthquake in February turns on when the Commission's insurance cover reinstates.
  • Willis Group Chairman and CEO Joe Plumeri and Willis Global chairman and CEO Steve Hearn have begun a series of 'town hall' meetings with the firm's London-based staff as they unveil a major restructuring of the broker's global operations.
  • Arab Insurance Group (ARIG) announced the formation of Islamic reinsurer Takaful Re today (19 September) with $125mn of paid up capital and up to $500mn of authorised capital. Based in the Dubai International Financial Centre, Takaful Re will be the...
  • In an active year-to-date for industrial and energy losses, (re)insurers are bracing themselves for another significant claim after a series of explosions at a Canadian propane gas facility yesterday.
  • A year on, and start-up broker Integro Ltd admits it is still a long way from making a profit - but insists that was very much the game plan. The company's founding chief executive Roger Egan remarked last week: "We won't be profitable this year...