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  • Despite the growing suggestions from reinsurance brokers that rates are under pressure, SCOR became the latest reinsurer to issue a relatively upbeat assessment of market conditions when it described its renewals as “satisfactory”.
  • Disagreements between Lloyd's underwriting supremo Rolf Tolle and Berkshire Hathaway led to the latter slashing the size of its Lloyd's subsidiary Marlborough, The Insider can reveal.
  • Attendees at the ARC Congress were given a stark warning over asbestos liabilities by lawyer David Gross of US firm Saiber Schlesinger Satz & Goldstein. Giving a presentation entitled “Toujour Asbestos: Will we ever be free of it?” Gross gave the...
  • A UK court has ruled that insurers will have to pay compensation to thousands of people with pleural plaques, the scarring on the lung lining that indicates exposure to asbestos.
  • Chinese insurance premiums were up 51 percent year-on year during the first six months of 2008, according to the country's financial regulator.
  • Guy Carpenter has swooped for Chris Klein, the chairman of rival Benfield Group's counterparty risk unit.
  • Lloyd’s insurer Omega Underwriting Agents hopes of expansion have hit a stumbling block after seven weeks of negotiations with members’ agents proved inconclusive.
  • Bermudian reinsurer Montpelier Re reported a 34.7 percent rise in its first quarter net income, $48.5mn, or $0.54 per share, compared with $36mn, or $0.54 per share, for the same quarter last year. Net income excluding net realised and unrealised...
  • Under-the-spotlight insurer American International Group (AIG) unveiled further initiatives to improve its corporate image last week. The insurer – which parted company with its legendary chief executive Maurice “Hank” Greenberg last month in response
  • Guy Carpenter has swooped for Chris Klein, the head of rival Benfield Group's counterparty risk unit.