Lloyd’s/London
Caribbean $300m reinsurance start-up targets 1 January 2011 launch
Barbados-based Aliseo Reinsurance SCC today announced its entry into the global retrocession market with an initial capitalization of $300m.
Tawa links up with Lincoln General in US run-off push
Tawa and Lincoln General Insurance Company have today announced a strategic relationship that brings together the resources and experience of both organisations.
Aviva confirms Zurich's Hall as new corporate risk boss
Aviva has confirmed this morning's Postonline exclusive that David Hall is joining the business.
Zurich Global Corporate CEO Hall set to join Aviva
David Hall, chief executive officer, Zurich Global Corporate UK, is set to leave the insurer for a senior role at Aviva, Postonline has learnt.
Russian government more focused on insurance and reinsurance
Insurance professionals have gathered at Willis to hear about the latest developments in Russian insurance law, at a seminar co-hosted by Clyde & Co as part of Russian Law Week.
Chaucer targets £21m in aggregator business in 2011
Chaucer has today announced plans to ramp up its direct personal lines offering in order to "optimise the underwriting return within the parameters of our given risk appetite".
QBE to acquire Ren Re for $275m
QBE is to acquire the US insurance operations of Renaissance Re.
UK motor and energy rate rises boosts Chaucer's fortunes
Chaucer intends to grow its UK motor and energy portfolios next year as part of its plan to increase its income net of brokerage by 10% to £785.8 m.
Career development & CSR: City Poppy Day plaudits
The Lloyd's branch of the Royal British Legion has confirmed that its final total raised for the London Poppy Day is £240 000 — exceeding the 2010 target by £90 000.
Hardy still open to Beazley negotiations
Hardy's chief executive has said the insurer would be willing to discuss an improved offer from Beazley, despite the latter's threat to withdraw its renewed offer of 330p per share in cash after it was rejected.
Roundtable - mergers & acquisitions: Cautiously navigating the upturn
Recession and recovery, global ambition, super-mergers, market appetite, pricing, marrying business cultures and managing brokers' expectations were all topics of deeply involved discussion as a panel of industry big-hitters jousted at a recent Post and…
Solvency II "finishing touches" underway
Lloyd's has claimed that European regulators are now putting the “finishing touches” to Solvency II, following a decade in the planning.
Fraudsters offer fake jobs at Lloyd's
Lloyd’s has issued a warning to job seekers after falling victim to a recruitment scam in which candidates are understood to have been asked to provide a fee in some cases.
Omega buys additional reinsurance as losses mount
Omega Insurance has admitted it purchased additional reinsurance in quarter three to further reduce its catastrophe exposures.
CTC: 2010 earnings likely to be at the lower end of expectations
In an interim management statement covering the period between 1 July 2010 to 16 November 2010, Charles Taylor Consulting today said business activity has been broadly in line with the expectations contained in its half yearly report.
Canopius adds to marine and North America divisions
Canopius has appointed Charles Fernandez as marine property and deputy marine liability underwriter, and Andrew Fowles as North American facilities underwriter.
Aspen UK's Swiss branch granted approval by regulator
Aspen Insurance Holdings today announced that the Swiss Financial Market Supervisory Authority approved Aspen Insurance UK, Zurich Insurance Branch, as an admitted direct insurer in Switzerland.
Amlin Bermuda enters casualty reinsurance market
Amlin is to start writing casualty reinsurance business at its office in Bermuda from 1 January 2011.
Sagicor income falls to $33.4 m
Sagicor has recorded a drop in net income in the first nine months of the year to $33.4 m (£20.75 m) compared to $64.0 m in the same period in 2009.
Liberty strengthens marine division
Liberty Syndicates has hired Rob Henbury to the position of class underwriter to head up the line of business.
Reinsurance aids Beazley's "modest" GWP growth
Beazley has reported that its gross written premium increased by two per cent to $1.35 bn (£840.7 m) in the first nine months of 2010 compared to the same period in 2009 (2009: $1.33 bn).
Beazley appoints Ken Sroka to its board
Former head of product development at Zurich Financial Services, Ken Sroka has been appointed to the board of Beazley with effect from 12 November.
Amlin posts 39% GWP surge
Specialist insurer and reinsurer Amlin has recorded a 39% increase in gross written premium for the 10 months ended 31 October despite a “mixed” trading environment.
Hardy rejects Beazley's second bid
Hardy has rejected a renewed offer for all of its shares from Beazley.