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BIBA 2012: Lloyd's vows to build up SME business

Lloyd's has revealed potential plans to hold regional broking events outside London next year in a bid to build on the 5% growth achieved in its small...

Reinsurance | 16 May 2012 secure

The Lloyd's building

Canopius target Omega blames Bermuda non-renewals for GWP drop in Q1 2012

Omega Insurance Holdings has reported that group gross written premium in the first three months of 2012 totalled $120.6m (Q1 2011: $129.4m).

Lloyd's/London | 16 May 2012 secure

stormy-weather

Benign weather and rate rises result in record reported profits for insurers

Insurers have reaped the rewards of benign weather and rate rises in catastrophe hit regions, but analysts warn the worst could be yet to come.

Insurer | 15 May 2012 secure

stormy-weather

'Significant' loss will harden rates outside cat exposed regions in July renewals

Price increases in the July reinsurance renewal period could be restricted to loss-affected sectors unless there is a further significant insured loss...

Reinsurance | 09 May 2012 secure

Dark storm clouds and lightning broken by the sun shining down onto a calm sea

Swiss Re issues $400m flexible cat bonds

Swiss Re has established a $400m cat bond vehicle that will enable it to issue multiple bonds over an extended period to cover European and US wind storms....

Reinsurance | 08 May 2012 secure

michel-lies

Swiss Re nearly halves Q1 COR to 85%

Swiss Re has reported "strong underwriting, good investment performance and lower than-expected major natural catastrophe claims" for a "very strong first-quarter"...

Reinsurance | 04 May 2012 secure

Lancashire Holdings

Lancashire profits soar despite $34m Costa Concordia claims costs

Lancashire Holdings has reported Q1 gross written premiums up 36% to $234m (2011: $172m), and said that pre-tax profit was up more than fivefold to $46.5m...

Reinsurance | 04 May 2012 secure

globe-catastrophes

Adverse April conditions wreak havoc across the globe

Severe weather conditions across central and southern sections of the US last month have caused upwards of $1bn (£620m) in insured losses, according to...

Insurer | 03 May 2012 secure

gao-zubiao-miller

Miller hires North Asia reinsurance specialist

Miller has enhanced its North Asia reinsurance broking capabilities by appointing Gao Zu Biao who will be based in its Hong Kong office.

Insurer | 03 May 2012 secure

Arrow Chart

Novae posts 6% jump in GWP

Novae has reported a gross written premium of £231.1m in its Q1 results representing a 5.7% increase on last year (2010: £219.7m).

Insurer | 02 May 2012 secure

Lightning

First quarter of 2012 sees record for cat bonds

There was a record issuance in the catastrophe bond market in the first quarter of 2012, with eight new non-life issues providing more than $1.3bn of risk...

Reinsurance | 01 May 2012 secure

lloyd-building

Canopius makes play for Omega in bid to grow PE-backed Lloyd’s insurer

Canopius chairman Michael Watson has acted on ambitions to grow his private equity-backed Lloyd's insurer, with a £164m takeover of struggling Omega in...

Lloyd's/London | 01 May 2012 secure

collision-of-costa-concordia-11

'Encouraging' Aspen Q1 results affected by Costa Concordia

Aspen has reported Q1 net income after tax of $78.7m (£48.6m), leading chief executive Chris O'Kane to describe his firm's early results as "encouraging"...

Insurer | 26 Apr 2012 secure

beijing

Catlin to open Beijing office

International speciality property and casualty insurer and reinsurer Catlin has been granted approval by the China Insurance Regulatory Commission to open...

Insurer | 19 Apr 2012 secure

lloydsbuilding

Mitsui posts £12m profit

Mitsui Sumitomo holding company MSI Corporate Capital has reported a pre-tax profit of £11.99m, up from a £17.77m loss restated.

Lloyd's/London | 17 Apr 2012 secure

Comment

Lynn Rouse

Editor's comment: Fleeing the family nest

This week’s deal developments read like two coming-of-age literary fables written to reward hard work and endeavour, while...

Interview

JLT chief executive Dominic Burke

Interview: JLT's Dominic Burke - a thoroughbred performer

Horseracing-mad Dominic Burke has huge ambitions for JLT, with a firm focus on international expansion, and he scotches...

View from the top

David Reed

View from the top: Airline insurance - the risk remains

Despite 2012 losses being only 12% of the annual average to date, a single incident could flip the market, says David...

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Events

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Regulation 2012

24 May 2012 , London

Pitney Bowes 2012 Insurance Industry Report

2012 insurance industry report: The inside track to achieving a more sustainable business

To achieve a sustainable profit, personal lines insurers need to transform their retention rates, using modern communications techniques to engage with customers and understand their individual needs. This white paper is based on a specially commissioned study involving 42 senior managers at UK and Irish insurers.

Aon Benfield Reinsurance Market Outlook

Reinsurance market outlook: Value creating capital - January 2012

This report analyses developments in the global reinsurance market over the previous 12 months. The report covers: Solvency II; M&A developments; pricing; rating agency and regulatory perspectives; catastrophes and their impact on capital levels.

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