Energy
Alex regains tropical storm strength in Gulf
Tropical depression Alex picked up speed over the Gulf of Mexico on Sunday, regaining tropical storm strength, and keeping two key Mexican oil ports closed.
Canopius confirms KGM interest as Lloyd's deadline approaches
Canopius, the largest privately owned Lloyd's insurer, has confirmed it is in talks to acquire up- for-sale motor underwriter KGM, with the deal expected to be completed within a fortnight.
Willis opens new Eastern European base
Willis has received official approval from local authorities to open a representative office in Kazakhstan.
Chaucer seals Latin American tie-up
Chaucer Syndicate 1084 has formed a strategic energy alliance with well control company Boots & Coots, and two international insurance brokers, Mexbrit and Global Special Risks.
RSA chairman rounds on "anti-British" Obama for BP attack
The chairman of RSA John Napier has labelled Barack Obama anti-British for his attack on BP.
RSA SME boss to move to Travelers
Ken Norgrove, director of SME business and chief executive of group renewable energy at RSA, is to return to Ireland to take a role at Travelers.
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.
CNA Europe names new underwriting bosses
CNA Europe has appointed Paul Dowling and John Taylor to the newly created roles of chief underwriting offer of commercial lines and specialty lines respectively.
P&C assumptions may be torn up after Deepwater incident
Insurers and reinsurers are likely take a hard look at the assumptions used to price property and liability coverages for drilling platforms in the wake of the Deepwater Horizon loss, according to Moody's Investors Service.
News analysis: Will the Deepwater Horizon oil rig losses dent reinsurer capital?
With Swiss Re estimating insured losses of up to $3.5bn, the Deepwater Horizon oil rig disaster could become the largest loss the energy market has witnessed since the Piper Alpha explosion in 1988. Katherine Blackler investigates.
QBE moves to placate shareholder concerns over claims exposure
QBE has moved to distance itself from market rumours about its exposure to the Gulf of Mexico oil rig disaster and UK motor liability claims.
Energy - Deepwater Horizon impact: In deep water?
Stephanie Denton reports on the fallout for the energy market from the recent Deepwater Horizon drilling platform explosion.
AIR: Deepwater spill could affect hurricane season
A report from the modeling firm says that effects of the spill on hurricane season are likely to be minimal but there is a chance the oil could act to prevent or encourage hurricane formation.
Lloyd’s insurer closes in on KGM acquisition as it looks to diversify book
The largest privately owned Lloyd's insurer Canopius has emerged as a leading contender to acquire up-for-sale motor underwriter KGM.
Transocean cannot cap Deepwater Horizon liability says court
Transocean cannot use a 150-year- old statute to cap its liability against claims arising from the Gulf of Mexico oil spill, lawyers for victims of the disaster said at a hearing in federal court in Houston, according to newswire Bloomberg.
Allianz acquires French windfarm
Allianz has acquired the Langres Sud wind farm from project developer, constructor and operator EOLE-RES SA.
Allianz acquires French windfarm
Allianz has acquired the Langres Sud wind farm from project developer, constructor and operator EOLE-RES SA.
RSA unveils launches to regain SME ground
RSA is to launch more commercial products in its bid to become a top-five player in the SME market.
Chaucer reports 11% hike in motor rates
Lloyd's insurer Chaucer this morning reported a drop in gross written premium income to £250.1m (2009 Q1: £257.8m).
Comment: Everything to play for
Solvency II has created a cloud of uncertainty over captive insurance companies. Alan Fleming explains.
Oil spill could cost $3.5bn
The Deepwater Horizon oil slick approaching the Louisiana coastline could cost the insurance industry $3.5bn (£2.3bn).
Beazley sees significant gains in reinsurance and property in Q1
Beazley has reported a 195% increase in premiums to $438.2m in quarter one 2010 (Q1 2009: $368.9m). It added average rates decreased by 1%.
Gulf spill to harden US energy rates - MarketScout
The premium and corresponding rates for all lines of commercial property and casualty business in the United States were down 4% for the month of April 2010.
Chaucer expecting $25m oil spill hit
Lloyd’s insurance group Chaucer has estimated losses of $25m (£16.9m) to Syndicate 1084 due to the explosion of the Deepwater Horizon oil platform in the Gulf of Mexico.