Lloyd’s/London
Discarding paper
ECF: A User's Perspective
'SCORverium' merger deal stacks up financially, claims analyst
A leading analyst has described the possible tie-up of European reinsurers SCOR and Converium as bei...
Converium stands firm on takeover bid
Converium bosses firmly rebuffed a takeover bid by French rivals Scor during the early announcement of their 2006 results.
Staking a claim
ROUNDTABLE — LONDON MARKET CLAIMS
Montpelier Re writes 23% less in “transitional” 2006
Bermudian reinsurer Montpelier Re has reported comprehensive income for the year ended December 31, 2006 of $362m on a combined ratio of 60%.
ZFS expects £770m profit
With the annual results season only weeks away, City investment bank Keefe Bruyette and Woods has is...
Hiscox moves into Asbestos indemnity
Hiscox has made its first foray into providing a professional indemnity scheme for asbestos inspecto...
Swiss Re retains 70% of GE business at 1/1
Global reinsurer Swiss Re has said it grew its non-life reinsurance portfolio by 14% in Swiss Franc terms over the 1/1 renewal season as it retained 70% of the GE Insurance Solutions non-life treaty business it acquired back in June 2005.
Hedge fund recovery boosts Max Re full-year, CFO to retire
Bermudian (re)insurer Max re has reported record net income of $216.9m for the full-year 2006, compared to $9.5m a year earlier.
Web-based Easy Placement launches
Easy Placement, a web-based software programme that enables brokers to communicate with underwriters over the Internet is launched today by Web Connectivity, the provider of standards-based messaging software for the commercial insurance industry, and…
Excellent year for XL
XL had an “excellent year” in 2006 according to analysts, following its announcement of record profits.
Partner Re smashes estimates in “tremendous” year
Bermudian (re)insurer Partner Re has posted net income of $242.7 million for the fourth quarter of 2006 and net income of $749.3 million for the full year, producing an operating return on equity of 26%.
London market hails electronic success
Upgrades to the recently-launched electronic processing system at Lloyd's could mark the final nail in coffin for paper dockets.
Recruitment moves
Re-sume
Everest Re 4Q sees equity top $5bn
Bermudian (re)insurer Everest reported a 92.9% combined ratio in the fourth quarter 2006 to produce after-tax operating income, excluding realized capital gains and losses, of $201.2m compared to an after-tax operating loss of $185.8m in the Wilma…
Indie hearing: Bright and Condon face the camera
Micheal John Bright, former company chairman and managing director of Independent Insurance and Philip John Condon, former deputy managing director, were filmed as they entered Southwark Crown Court for this week's preparatory hearing.
Partner Re estimates Kyrill losses in $50-$65m range.
Partner Re estimates claims relating to its exposure to Windstorm Kyrill, which hit Europe last week, are expected to be between $50-$65m.
Lloyd's boss James quits for Lockton
Lockton International has swooped for Chris Brown, Paul Jack, Julian James and Neil Nimmo who will lead its four main business areas as executive chairmen.
Tony Markel gives view of Lloyd's future
Yesterday saw Tony Markel, President and Chief Operating Officer return to the Lloyd’s Old Library where he opened the Insurance Institute of London’s lecture season by presenting his views on the initiatives that remain to be tackled to assure Lloyd’s…
Brewster joins Equity
Equity Insurance Group has appointed Richard Brewster as finance director. He has held the role on a...
Equity FD role made official
Equity Insurance Group has appointed Richard Brewster as finance director with immediate effect. He has held the role on an interim basis since August 2006.
Keeping ahead of the game
Review of the Year: Lloyd's and the London Market
FSA D-day set for January
The Financial Services Authority has promised a final assessment of the industry's progress on contr...