News – Page 492
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UK flood cover could be removed, warns Aon
Broker warns that lack of government investment could scare off insurers
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Montpelier Q2 hit by Blue Ocean cessation
Blue Ocean cessation and Florida legislation saw 36% drop in gross written premiums; improved combined ration though
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Markel upgraded to "A"
Best upgrades Markel from "A-" to "A" due to "improving risk-adjusted capitalisation"
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Moodys: Lloyd's increases policy holder security
New Moody's report recognises improvement in overall policyholder security in relation to syndicates
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Hartford settles with AGs for $115m
Settlement resolves investigation into contingent commissions by Attorney Generals
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Fitch puts UK flood cost at £3bn
Disaster to have limited impact on ratings of UK insurers though
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Q2 earnings rise for RGA
Operating income increased 22% with "notably strong results in Canada and Asia Pacific"
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Montpelier Re forms Swiss subsidiary
Montpelier Europa AG to provide marketing services for Syndicate 5151