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  • XL Capital became one of the first insurers to provide specific guidance on the Boxing Day Indian Ocean tsunami when predicting a pre-tax net loss of $75mn last week.
  • Lloyd's insurer Amlin is set to become a partner to the Heineken Cup and the European Challenge Cup...
  • Bermudian domiciled (re)insurer Axis Capital says it expects its third-quarter operating income to be impacted by an increase of approximately $136mn in the fair value liability of an indemnity derivative contract that is exposed to longevity risk.
  • Hiscox plc is set to become the latest Lloyd's insurer to establish a Bermudian licensed (re)insurer, Insider Week can reveal.
  • Michael Carpenter, the former Managing Director of Limit, has led a buy-out of struggling Lloyd's insurer Alleghany Underwriting Ltd, in a deal struck by former Equitas architect Heidi Hutter. The buy-out, which ends Alleghany Corporation's involvement wi
  • The scope of blame over HIH widened last week as lawyers for the Australian Royal Commission began their summing up into the insurer's collapse, outlining more than 1,000 alleged breaches of the law. Senior HIH executives face possible criminal charges
  • Another loss struck year for the troubled space insurance sector was rounded off in farcical fashion with the revelation that a Loral-built SPAINSAT satellite was “dropped” during testing, leading to a potential $95mn claim on the London cargo market.
  • Lloyd’s insurer Beazley announced on 23 December it has scrapped plans to form a new short-tail property reinsurance syndicate after failing to get the required support from investors for the initiative.
  • As the market continues to soften, a divide is emerging among European reinsurers, with stronger companies unencumbered by recent problems outpacing their peers, according to Benfield’s latest quarterly report on the sector.
  • Lloyd's (re)insurer Kiln has strengthened its presence in continental Europe with a new office in Paris...