Walter Oil & Gas Corporation (Walter) has begun drilling a relief well in the Gulf of Mexico after the Hercules 265 jackup rig caught fire last month while drilling for gas.
Hannover Re posted an improved first half underwriting result for 2013 despite the impact of large losses for the period, which almost doubled to EUR 259.5mn.
London-listed (re)insurer Lancashire has agreed to buy Lloyd's direct and facultative (D&F) specialist Cathedral for £266mn in cash.
July's Canadian floods are expected to cost (re)insurers some $730mn, according to the latest analysis of the month's global catastrophes by Aon Benfield.
Swiss Re has offset a downturn in its P&C reinsurance operations with a recovery at its Admin Re closed life fund consolidation unit to turn a profit in the second quarter of 2013.
US specialty (re)insurer Markel saw its combined ratio climb to 103 percent in the second quarter, compared to 87 percent for Q2 in 2012, becoming the latest industry player to highlight the extent of catastrophe hits during the period.
Claims management firm Crawford & Company (Crawford) has appointed Simon Drew to a key strategic role for Europe, Middle East, Africa & Asia Pacific (EMEA AP), replacing John Jenner.
Catlin posted first half pre-tax net income of $145mn for 2013, down from $231mn for the comparable period last year, as the operator of the largest syndicate at Lloyd's was buffeted by a deterioration on investment returns and some $99mn in catastrophe claims.
Montreal, Maine & Atlantic Railway (MMA), the operator of the train that derailed in Lac-Mégantic, Canada, has been granted bankruptcy protection by a Quebec court.
Neil Young and Crazy Horse cancellation could be $10mn hit <!--[i
Back after a little break in rural France into a slew of interims it's apparent how peculiar the market is...