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Hiscox April renewals beat expectations
Hiscox has said it withheld reinsurance capacity on the first quarter in anticipation of higher rates, adding that April renewals had beaten expectations. But it warned that the UK market is still...
Insurer |
08 May 2012 
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 a deal that sees a slice of the business sold to US insurer Tower Group.
Lloyd's/London |
01 May 2012
Redomiciling: London calling as tax changes make the UK more attractive
Will a reduction in corporation tax and changes to the Controlled Foreign Companies regime make the UK a more attractive place to domicile?
Insurer |
01 May 2012
Canopius details Omega takeover savings and possible Tower Bermuda sale
Canopius chairman Michael Watson said that taking over Omega will be the "last big deal", but is not the end of its "ambitions".
Insurer |
26 Apr 2012
Canopius swallows Omega for £164m
Omega bosses have agreed to a takeover by Canopius and will recommend the 67p a share cash offer in a deal worth £163.6m.
Insurer |
26 Apr 2012
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A free and easy-to-use digital library of briefings, white papers and reports updated on an hourly basis
Randall & Quilter suffers after tax loss following goodwill charge
A £13.5m goodwill impairment charge has resulted in bosses at Randall & Quilter announcing an after tax loss of £488 000 in 2011, following a 2010 profit of £6.4m.
Insurer |
19 Apr 2012
XL Bermuda boosts D&O risks covered
XL Insurance (Bermuda) has boosted it D&O cover to pay for independent directors’ defence costs in the US under Sarbanes-Oxley and Dodd-Frank and the UK Bribery Act.
Insurer |
30 Mar 2012
Omega international appeal soars following CNA £143m bid for Hardy
CNA acquiring Hardy could trigger a rush by international players to purchase Omega in a bid to access Lloyd's, analysts have predicted.
Insurer |
27 Mar 2012
Insurers gear up for Finance Bill detail in hope of simplified CFC process
This week's publication of the long-awaited Finance Bill could provide the catalyst for overseas investment, while also serving to safeguard the status quo of UK-headquartered insurance companies.
Insurer |
27 Mar 2012
Ex-Kiln Bermuda CEO Haynes handed non-exec role at Tysers
Lloyd's broker Tysers has today announced the appointment of finance expert Peter Haynes as a non-executive director.
Insurer |
19 Mar 2012
European risk and insurance intelligence
Insurance Insight
Your one-stop-shop for all the news in the European, Asian and Middle Eastern insurance markets
View from the top: New syndicates essential if Lloyd’s market is to thrive
As Lloyd’s tackles the thorny issue of distribution, perhaps a fundamental issue is that it must encourage the market to continue to rejuvenate by enabling the creation of new syndicates.
Broker |
06 Mar 2012
Editor's comment: Leaving on a jet plane
Reports that the Prudential is looking at jumping into Asia after 164 years has made some obvious waves around the sector.
Insurer |
28 Feb 2012
MEPs on the front foot as Prudential sparks fear of mass insurer exodus
Solvency II concerns in the spotlight after UK giant linked with Hong Kong move
Insurer |
28 Feb 2012
Houghton departure triggers new Aspen board search
Aspen has begun the search for a new chief financial officer to succeed Richard Houghton, who will be leaving the company effective 29 February to pursue other opportunities.
Lloyd's/London |
15 Feb 2012
Kane reshuffles after HSBC buy
Independent captive insurer manager Kane has taken more cash from its private equity backer to open new offices and has promoted former Aon Global Insurance Management head Clive James to chief operating officer.
Insurer |
10 Jan 2012
Comment
Interview
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
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
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.
Work equipment risks in the UK
The complex patchwork of legislation and guidance governing work equipment risks in the UK is an administrative monster that many businesses struggle to wrestle with successfully. It takes significant levels of technical expertise and resources to understand and effectively navigate the maze of legal requirements, and this problem grows increasingly unwieldy for smaller organisations with limited manpower and finances.
Towergate commits to Power Place as former bosses unveil new ventures
Post |
22 May 2012
Combined profit of 'going concern' Provident and sister MMA reaches £4.5m
Post |
23 May 2012
Law report: Court refuses to interfere in specialist tribunal decision on dentist's misleading of patient
Post |
22 May 2012
Household to become 'new motor' as insurers warn of price hikes to come
Post |
22 May 2012
Communicating Change: Preparing to be purchased
Post |
22 May 2012
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...