United States of America (USA)
Carlier named Cooper Gay Re CEO
Former RK Carvill and Minet Re chief executive Ron Carlier is to return to the industry leading the reinsurance subsidiary of Cooper Gay Swett & Crawford.
Forecasters predict high hurricane levels as Oklahoma reels from tornado
‘70% chance’ of above-average hurricane activity between July and November
Many uninsured renters impacted by $2bn Oklahoma tornado
The Oklahoma Insurance Department has warned that many rented households destroyed by the recent tornado may have no insurance cover, following estimates that costs could hit $2bn (£1.3bn).
US tax proposals will limit reinsurance capacity says Insurance Europe
A renewed bid to tax reinsurance ceded by non-US companies to their offshore affiliates, has been strongly condemned by trade body Insurance Europe.
Moore tornado losses could exceed Joplin
Damage from a mile-wide tornado that struck the Oklahoma City suburb of Moore could exceed the May 2011 Joplin event, according to Oklahoma Insurance Commissioner John Doak.
Marketform claims US PL launch will alert international brokers
Marketform will underwrite hospital professional liability in the US, comprising medical malpractice and associated general liability insurance.
Over $2bn of property damage from Oklahoma tornado
The devastating tornado which struck the Oklahoma suburb of Moore on Monday (22 May) in the US has damaged property to a total replacement value of up to $6bn within a two mile radius of the storm’s path.
Tornado slams Oklahoma suburbs
A devastating tornado has killed more than 50 people after tearing through suburbs of Oklahoma City.
ING plots European IPO
Dutch financial giant ING is preparing a case for an initial public offering of its European insurance business, with a target of going to market in 2014.
Travelers Q1 figures show upturn for US P&C business
Positive results at property casualty insurer Travellers reflect an upturn in the US market according to a Westhouse insurance analyst.
Europe's credit risk remains high as US and Asia fall
Credit risk is still high in Europe but the outlook is favourable in emerging Asia and in North America, according to Coface.
Interview: Frank Pinder: leading the fraud fight
With US investigation specialist Global Options seeking to bring its zero-tolerance approach to insurance fraud across the pond, its president explains why regulation and professionalism are key to better detection
Insurance Insight Q+A: Frank Pinder, Global Options
Global Options president Frank Pinder speaks to Francesca Nyman about fraud, special investigative units and the US company’s European ambitions.
Hiscox names property head as new London unit CUO
Hiscox has restructured its London operations, separating the insurance and reinsurance lines in a bid to foster growth.
Investigation into culpability of Waco explosion to take months
It may take several months before fire investigators in Texas are able to determine whether the blaze that led to the tragic explosion at a Waco fertiliser plant was started deliberately.
People missing and buildings still ablaze following Texas explosion
An unknown number of people are dead and dozens of homes and buildings have been destroyed following an explosion at a fertiliser plant near Waco in the US state of Texas.
ING to float US stake for $1.5bn
Dutch banking giant ING has filed a preliminary prospectus with the US Securities and Exchange Commission for the initial public offering of its US insurance and investment business.
Quindell enters North America through acquisition
Quindell Portfolio has entered the North American insurance market through its acquisition of software as a service-based provider Iter8 in a deal worth £20.8m.
Boston bombs insured losses unlikely to breach $1m
Insured losses from a pair of explosions near the finish line of the Boston Marathon are unlikely to be significant, according to modeler Risk Management Solutions.
Ascot Underwriting opens New York office
Ascot Underwriting has opened an office in New York, which will be led by chief underwriting officer Paul Amrose.
AIR considers business interruption following Boston bombings
A large section of Boston's Back Bay area remains off-limits to all but law enforcement officials and the FBI, following yesterday's fatal bomb blasts near the finish line of the city's marathon.
Freak injury saves LAS director from Boston bomb blasts
LAS business development director Ian Hogarth has revealed how an injury to his wife during yesterday’s Boston Marathon saved the couple from being caught up in the carnage caused by two bomb blasts.
South Korean refiners struggling to insure Iranian oil
South Korea is the latest country to struggle to find insurance for oil imports from Iran after tough EU and US sanctions.
India's banking secretary confirms 20bn rupee energy fund
India’s Banking Secretary Rajiv Takru has confirmed that the country will establish a 20bn rupee (€283m) insurance fund to cover refiners buying crude from Iran.