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  • The Association of British Insurers (ABI) has said the cost of the recent UK floods is expected to reach £1bn, double the £500mn estimated by modeller Risk Management Services (RMS) last week.
  • The laws of European Union countries are moving into line as the effect of insurance directives increases, according to a report by reinsurance broker Guy Carpenter and legal firm DLA Piper.
  • Investors' enthusiasm for the Lloyd's sector is not unlimited, as Creechurch Group’s decision to post-pone plans to float on AIM proves. Earlier this year, the Lloyd's based insurer appointed advisors Hoare Govett to seek investors prepared to back a £
  • Despite the perceived threat of another terrorist attack on the scale of 9/11 and initiatives like the TRIA to encourage cover for property and business interruption losses, it is the natural world that still poses the greatest single danger to industry f
  • Bermudian powerhouse Axis Capital has held up robust fourth-quarter net profits as its full-year net income almost doubled on strong realised gains on its investment portfolio.
  • London MGA Hogarth Underwriting has hit back at the FSA over the authority's plans to take it to court for placing business in the UK on behalf of unauthorised insurer CIC. Greek domiciled CIC, which started to target distressed UK liability sectors su
  • Lloyd’s insurer Novae Group plc’s investment performance has helped the firm beat analysts’ forecasts and post a 22 percent improvement in its first half pre-tax profits.
  • UK-based specialist insurance investment boutique Ruxley Ventures has received the go-ahead from the Canadian regulator to transfer a legacy book to German run-off acquirer Global Re.
  • UK motor insurer Highway Insurance Holdings plc unveiled below expectation 2003 interims last Friday (5 September) which included a dividend of 0.8p and a combined ratio of 99.5 percent.
  • Lloyd's Syndicate 3500 has dropped a lawsuit that accused the government of Saudi Arabia and several charities of supporting the 9/11 terrorist attacks just 11 days after it was filed.