United States of America (USA)
Zurich renews seven-year CSC agreement
Zurich has extended its IT application system master service agreement with technology provider CSC for another seven years.
Chartis makes cyber risk appointment
Chartis has appointed Jamie Bouloux to the newly created role of cyber liability underwriting manager for Europe.
Hannover Re looks forward to Jan renewals
Hannover Re is "looking ahead with confidence" to the 1 January treaty renewals after being upgraded from A to A+ by AM Best.
R&Q reports 56% rise in profit
Randall & Quilter has reported a 56% increase in profit before tax to £4.6m in the first half of 2012 compared with the same period last year(H1 2011: £3.0m).
BP accused of "gross negligence" over Deepwater Horizon
BP has disputed accusations of "gross negligence and wilful misconduct" by the US Justice Department over the 2010 Deepwater Horizon disaster.
SS&C launches customisable Solvency tool
SS&C Technologies has launched CAMRA I-Risk, a tool for insurers to address emerging Solvency standards by combining financial reporting capabilities with a position-based stochastic simulation model.
Dual to rebrand Americas business
HSU and VKU are to come under the Dual brand from 1 October to better reflect the size of its international operations.
Lloyd's names Vandendael as international markets director
Zurich's Vincent Vandendael appointed to the role, sitting in London.
EU and Asian insurers holding out on Chinese D&O cover
Fears of claims following low-price buy outs on the NYSE are making insurers think twice about offering D&O cover to listed Chinese companies.
Surging US APH claims likely to hit European insurers
European insurers have been urged to manage their asbestos, pollution and health hazard liabilities as the US sees an upsurge in claims.
BMS reinforces global expansion with Sequel technology deal
Specialist broker BMS has moved to support its expanding international presence by appointing Sequel to run its insurance and reinsurance broking systems in the London market, the US and Bermuda.
Insured loss estimates hit $2bn as Hurricane Isaac hits Louisiana a second time
Catastrophe experts have suggested that insured losses from Hurricane Isaac could total $2bn after the tropical storm made a second landfall in the US state of Louisiana.
BMS to run London market, US and Bermuda operations on Sequel
Specialist broker BMS Group has chosen Sequel to run its insurance and reinsurance broking systems in the US, Bermuda and the London market.
TMNF has superior rating as key earning source for Tokio Marine
Tokio Marine and Nichido Fire (Japan) has had its financial strength rating affirmed at A++ (Superior) and issuer credit rating at aa+.
US property and catastrophe insurers to sustain largest Hurricane Isaac losses
Primary insurers including Liberty Mutual Group are likely to bear the brunt of any insured losses arising from Hurricane Isaac, Fitch Ratings has claimed.
Hurricane Isaac will not be a 'Katrina event'
Hurricane Isaac could cause up to £304m ($480m) in insured losses, experts have predicted.
US drought to create $20bn crop insurance losses
Catastrophe modelling firm Air Worldwide has estimated that the US drought could leave the insurance industry with a $20bn bill for the losses America's crop farmners have sustained.
Lockton hires Mike Tyler to head new UK employee benefits division
Lockton has unveiled plans to enter the UK employee benefits market with a series of new products and services, by 1 January 2013.
America and Asia battle series of earthquakes
Several earthquakes hit California, the Florida Keys, Japan and China over the Bank Holiday weekend.
Sale frees NY fed of AIG toxic assets
The Federal Reserve Bank of New York has made billions of dollars in revenue for US taxpayers with the sale of the last toxic assets acquired through its bailout of AIG in 2008, according to US press reports.
American expansion gathers momentum at BMS following key hire
BMS has moved to further bolster its US reinsurance operation following the appointment of Chuck Hewitt to the joint role of senior producer, executive vice president and member of it stateside leadership team.
Hyperion boosts BP Marsh cash position
The partial realisation of its investment in Hyperion has improved BP Marsh & Partners’ cash position according to a trading update issued today by the venture capital provider.
Historical hurricane costs upwards of $10bn in 2012, claim cat experts
Experts have stated that 28 out of almost 180 hurricanes that have occurred in the United States since 1990 would have caused $10bn (£6.3bn) or more in insured losses had they happened today.