Energy

Transatlantic Holdings records fall in income

Transatlantic Holdings has recorded a second quarter net income of $111m, or $1.70 per common share (diluted), compared to $112m, or $1.68 per common share (diluted), for the same quarter last year. It saw a $14m hit from the Deepwater Horizon explosion.

Inside View: On the brink of change

Despite BP's self-insured status, oil and energy (re)insurance could be about to undergo radical change in the wake of the Deepwater Horizon disaster, writes Alistair Lockhart-Smith

Rethink: On the brink

Our monthly roundup of reader opinion shows that rates are stable but that a natural disaster could soon change the playing field

Willis: Oil rig losses to push up rates

The Deepwater Horizon and Aban Pearl drilling rig losses, which have left energy insurers with a $795m (£542m) bill, will cause rate increases and destabilise the market, Wills has claimed.

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