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Commercial

RenRe profits up for Q1 2006

RenaissanceRe Holdings has announced that it made $195.7m in operating income for the first three months of 2006, up on the $54.5m that it made over the same period in 2005.

Towergate in the Red

Towergate Risk Solutions has expanded its Romford broking capability through the acquisition of Leyton-based Red Insurance.

Aviva exec Snowball pleased with £87 m deal

Aviva has sold the vehicle solutions businesses of RAC plc to VT Group plc for £54.4m in consideration for the net equity of the businesses and an additional £32.6m to settle amounts owing to Aviva group companies. The total cash receivable is £87 m.

Finite exodus at Platinum

Unveiling solid 1st quarter results, Bermudian reinsurer Platinum Underwriters revealed a significant decrease in its finite book of business

Imarket unveils new product roll out

Imarket has revealed that Software Solutions Partners will begin piloting products on the general insurance industry portal in May, ahead of an aggressive rollout throughout 2006.

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