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  • Bermudian reinsurer XL has made a $227.3mn net loss for the quarter on catastrophe losses of $387.4mn
  • Rating agency Standard & Poor's (S&P) has described the old and "much-maligned Lloyd's accounting and reporting regime" as superior to the GAAP system imposed last year.
  • Amlin Bermuda Ltd has appointed Alun Thomas, a former director of North American Reinsurance in Aon Ltd’s Property division, as an underwriter.
  • WTC leaseholder Silverstein Properties and insurers led by reinsurance giant Swiss Re are litigating over which contractual wordings the various parties used in placing the building’s insurance cover.
  • The Insurance Insider’s surveys have always provided an invaluable snapshot of key industry issues and we would be delighted if our readers will again spare a few moments of their time.
  • US property casualty giant Travelers announced a solid if unspectacular set of fourth quarter results last Wednesday (28 January), coming in just short of analysts’ consensus estimates, and then learned it was likely to see its S&P ratings aligned with St
  • Recent hopes for the resurrection of plans for US asbestos tort reform appear to have run aground after a revised bill failed to get the required number of votes to be put forward for consideration in the Senate.
  • First-round bids for American International Group (AIG)'s Taiwanese life business Nan Shan will be called for in early December, according to reports.
  • RISK executives criticised in court defeat - but agency fights back with press A heady cocktail of collusion, doctored documents and "implausible" testimony came to light last month after judgement was handed down in a fraud dispute between German rein
  • QBE Limit and Markel are set for a November High Court showdown with broker Surety Guarantee Consultants Ltd (SGC) over allegations of fraud in connection with construction bonds it issued as a coverholder.