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Private insurers in US report first quarterly underwriting profit since 2009 25 Jun 2013 | 08:37 am
Private US property and casualty (P&C) insurers reported an underwriting profit for the first time since Q4 2009 in the first quarter of 2013, according to the Property Casualty Insurers Association o...
Data room: Share price movements 25 Jun 2013 | 08:37 am
Bernanke adds to (re)insurance stock pressures (Re)insurance stocks fell heavily last week after Federal Reserve chairman Ben Bernanke added to the short-term headwinds facing the sector with his thr...
R&Q agrees two further minnow legacy deals 25 Jun 2013 | 08:37 am
London-listed insurance services firm Randall & Quilter (R&Q) has continued its strategy of piecemeal run-off acquisitions after agreeing two deals in the past week, marking its first captive novation...
Aon reveals $150mn and $125mn insufficient cover suits 25 Jun 2013 | 08:37 am
Global broker Aon has revealed that it could be on the line for $150mn and $125mn respectively after being hit by suits from a Tennessee shopping mall and a Lithuanian oil-refining firm. Opry Mills M...
IASB outlines changes for insurance accounting under IFRS 25 Jun 2013 | 08:37 am
The International Accounting Standards Board (IASB) outlined proposals to update the accounting standards of insurance contracts in a revised exposure draft issued last week (20 June). The updated pr...
Lawsky takes aim at PE involvement in insurance 25 Jun 2013 | 08:37 am
For those who still shudder at the name of Eliot Spitzer and the disruption caused by his campaign against the P&C industry in 2004-05, the recent muscle flexing by New York's new sheriff Ben Lawsky i...
Hiscox makes collateralised flutter through Kiskadee Re 25 Jun 2013 | 08:37 am
Hiscox used its newly launched Bermudian special purpose insurer (SPI) Kiskadee Re to complete several collateralised reinsurance transactions at the June renewals, Hiscox senior vice president Adam A...
Swiss Re's Klugman honoured at Trading Risk Awards 25 Jun 2013 | 08:37 am
Judy Klugman was named the Outstanding Contributor of the Year at the Trading Risk Awards 2013, held at London's Globe Theatre last week. The fifth annual awards ceremony was attended by almost 250 c...
AIG tests boundaries with first indemnity cat bond 25 Jun 2013 | 08:37 am
American International Group (AIG) has included new specialty risks not previously seen on the cat bond market in its $100mn Tradewynd Re cat bond, which will be the firm's first insurance-linked secu...
2013 cat bond issuance now approaches $4.4bn 25 Jun 2013 | 08:37 am
Assurant's new Ibis Re cat bond became only the second deal of 2013 to price above broker guidance as a quartet of new bonds neared closure last week, sister publication Trading Risk reported. Ahead ...
