House Approves Flood Insurance Program Renewal, Reforms July 13, 2011 The House of Representatives has approved a bipartisan bill to reauthorize the federal flood insurance program for five years and...
UPDATE – Validus Tops Allied World’s Bid for Transatlantic July 12, 2011 Validus Holdings Ltd offered to buy reinsurer Transatlantic Holdings Inc for about $3.5 billion in cash and stock, trumping Allied...
Q1 Losses, Solvency II Drive Research on “Non-modeled” Perils Says Aon Benfield July 12, 2011 Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp., has reported that “catastrophic losses in the first...
S&P Downgrades 6 Cat Bonds; Removes 10 from Negative CreditWatch July 12, 2011 Standard & Poor’s Ratings Services today has removed its ratings on 10 natural peril catastrophe bonds from CreditWatch with negative...
Europe Considers Greek Default Possible; Leaders to Meet July 12, 2011 By Julien Toyer and Luke Baker European Union leaders are poised to hold an emergency summit after finance ministers acknowledged for the first time that some...
Speers Joins Miller as Head of Legal Matters July 12, 2011 The UK’s Miller announced that Ben Speers has joined the London-based broker as Head of Legal. He will oversee Miller’s...
Best Report Says Takaful Poised for Growth, But Greater Focus Needed July 12, 2011 A new special report from A.M. Best – Takaful Poised for Growth, But Greater Focus is Required – notes that...
Mercury General to Report Q2 Results on August 1 July 12, 2011 Los Angeles-based Mercury General Corp. reported that on August 1, it will release results for its second quarter ended June...
AIMU Updates Pollution Exclusion Clause, Buy-Back Endorsement July 12, 2011 An amended pollution exclusion clause and buy-back endorsement which retains original coverage while modernizing and clarifying wording has been developed...
Allianz Global Corporate & Specialty Confirms New London, U.S. Execs July 12, 2011 Allianz Global Corporate & Specialty (AGCS) has confirmed new CEOs from within its existing management team for two of its...