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  • Bermudian reinsurer PartnerRe revealed that its bill from Windstorm Erwin, which struck Northern Europe in early January, is expected to be between $50mn-$60mn.
  • Lloyd’s has lost out in round one of the Central Fund reinsurance contract dispute after the panel in the first stage of the arbitration tribunal found the lead reinsurer Swiss Re “prima facie entitled to avoid the policy”, based on the way it was present
  • Less than a year after joining Aspen Re as chief risk officer, Adrian Ballardie has left the reinsurer to join Tokio Marine Global as chief underwriting officer.
  • Houston Casualty Company has merged its medical stop loss and group life insurance underwriting agency, HCC Benefits Corporation, into its life insurance arm, HCC Life Insurance Company (HCC Life).
  • Equitas has expressed its opposition to the Fairness in Asbestos Injury Resolution Act (FAIR) over fears that the proposed US legislation would fail to protect the run-off vehicle from going bankrupt.
  • Former Jardine Lloyd Thompson chief executive Steve McGill vowed that he will make a swift return to the London market while speaking at a Lloyd’s lecture last week.
  • The dormant Reinsurance Australia Corporation, ReAC, is set to rebrand and begin underwriting – five years after it was brought to its knees by the low rates and high casualty losses of the late nineties.
  • Brit to pay outstanding claims
  • Figures released by the Minerals Management Service (MMS) have revealed the continuing impact of Hurricane Ivan on Gulf of Mexico oil and gas production.
  • Insurers’ discipline appears to hold