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  • Torus will only write property catastrophe reinsurance business as a sidecar after agreeing a deal to sell the renewal rights on its portfolio to Montpelier Re
  • Bermudian (re)insurer Aspen Insurance Holdings has revealed it will take $90mn in first-quarter losses from the Australian floods and second New Zealand earthquake.
  • Markel International, the London Market arm of the American insurer, has hired Henry Sturge as open market property underwriter within its non-marine property division. Markel's Non-Marine Property division’s managing director Conor Finn commented...
  • RenaissanceRe affiliate DaVinci Re suffered $152.9mn of net cat losses in the first quarter and turned in a combined ratio of 246.3 percent, according to ratings agency Moody's
  • There is almost a 100 percent chance of a major earthquake in California within the next 30 years according to the latest findings from the US Geological Survey (USGS).
  • French bank Société Générale has vowed to mount a "vigorous defence" against a class action lawsuit accusing it of misleading investors and failing to clamp down on the EUR4.9bn "rogue trader" fraud.
  • All eyes will be on the global brokers' first quarter results later this week as concerns grow that Marsh Inc's brokerage revenues may have fallen for yet another quarter. The world's largest broker saw its revenues decline in all four quarters...
  • Two former Benfield brokers have given undertakings to the Financial Services Authority (FSA) that they will not carry out any regulated activity for two years. The two brokers, Robert Phillips and Isabel Rawlence, helped design and place a Loss...
  • Allstate Insurance Co announced that it would not be writing any new homeowners policies in the state of California from 1 July.
  • In an important ruling, the UK’s Court of Appeal has overturned last year's decision in the "follow the settlement" case between reinsurers WASA International Insurance Company Ltd (WASA) and AGF Insurance Ltd against...