News
JLT warns market conditions worse than expected as it unveils half year results
JLT this morning reported pre-tax profit of £76.6m (2006: restated £46.9m) on a slightly increased turnover of £244.7m. This includes an exceptional gain of £29.7m arising on the completion of the merger of French associate SIACI with Assurances et…
Jelf claims 20% market share with latest acquisition
Bristol based broker Jelf Group has boosted its prescence in the South West with the acquisition of John Lampier and Son, also based in Bristol. Jelf claims the deal for Lampier will make the combined group the largest Bristol-based, general insurance…
Aon report shows low levels of captive ownership
Aon's latest attempt to drum up interest in alternative risk transfer has seen the global broker cla...
Munich Re signs UN climate change declaration
Munich Re is a signatory to the joint declaration on climate change issued by the Geneva-based Unite...
Japanese reinsurer sets up in Isle of Man
The first Japanese-owned reinsurance company to set up in the Isle of Man has received its licence t...
catastrophe bond investment
Jumbo cat bonds boost US insurers' liquidity
RAA hails US non-admitted and reinsurance reforms
The US House of Representatives has unanimously approved HR 1065, the Non-admitted and Reinsurance R...
Alien reinsurers increase share of US market to 53%
The Reinsurance Association of America (RAA) has reported that in 2006 offshore companies' share of ...
Industry looks for protection
As floods, fires, earthquakes and storms batter on all fronts
Brit agrees $200m cat bond swap deal
Brit Insurance has entered a three-year catastrophe swap contract with Fremantle, a Cayman Islands e...
Lloyd's and Benfield agree risk modelling deal
Benfield has signed a five-year agreement to provide a range of risk modelling and consulting servic...
Ariel Re deal
Ariel Re reveals plan to acquire Atrium for $386m cash
Lloyd's settles with broker giants
Lloyd's has reached a settlement with two brokers involved in the placement of the New Central Fund ...
Capita CMGL forms Syndicate 5500
CMGL Syndicate Management, a Capita Group subsidiary company, has formed a new Lloyd's syndicate, Sy...
Aspen targets $100m book of liability business
Bermudian (re)insurer Aspen announced it is entering the professional liability insurance market in ...
Montpelier approved by Lloyd's
Bermudian reinsurer Montpelier Re has launched a new syndicate after being approved by Lloyd's. Mont...
Abuse case costs insurers $227m
A total of 12 insurers are contributing more than $200m towards a multi-million-dollar class action ...
Swiss Re launches Cat bond indices
Swiss Re has launched a series of catastrophe bond performance indices to track the price return and...
Ren Re announces formation of Starbound II
RenaissanceRe has announced the formation and funding of Starbound II, a new Bermuda reinsurance com...
Benfield and Aon Re clash again for $2.4m
Reinsurance broker Benfield has filed for $2.4m in damages against rival broker Aon Re, over what it...
Amlin opens up shop in Singapore
International specialist (re)insurer Amlin is to open an office in Singapore after it was granted ap...
JLT claims Bermudian market leadership with buy
Jardine Lloyd Thompson (JLT) says it expects to place over $400m of premium in the Bermudian market ...
Brit hands brokers £50m authority for share buyback
Brit has granted its bankers the right to purchase up to £50m ($102.4m) worth of shares over the sum...
Gagging order issued amid Bermudian corruption probe
The highest court for Bermudian judicial matters, the Privy Council in London, has imposed a reporti...