News
Commercial rates continue to fall survey claims
According to the Risk and Insurance Management Society Benchmark Survey, the first quarter of 2007 reflected a continuation of the same commercial insurance pricing trends reported in 2006.
Hyperion revenues grow to £34m
Hyperion has reported increases of 24% in turnover and 37% in operating profits, for the year ending 30 September 2006.
IUA hopes website will create 'virtual communities'
The International Underwriting Association (IUA) has updated its website in a bid to create an onlin...
Allianz launches first UK flood-risk catastrophe bond
The first catastrophe bond to cover British flooding has been issued by German insurance company All...
Capita announces £32m CMGL buy
Capita Group has acquired London Market claims-outsourcing specialist CMGL from Sovereign Capital Pa...
IPO raises $111m for CastlePoint
CastlePoint Holdings has floated on the NASDAQ Global Market with an initial public offering (IPO) o...
European (re)insurance body responds to EC investigation
The Brussels-based European (re)insurance industry representative organisation, Comite Europeen des ...
Lloyd's rating raised to 'A+' by S&P
Rating agency Standard & Poor's (S&P) has raised its strength rating of the Lloyd's insurance market...
Lloyd's unveils new Chinese development
The Lloyd's market has boosted its fledgling Chinese reinsurance operation with deals to ensure busi...
Max Re finalises US specialty deal*
Max Re's US subsidiary has announced the completion of the acquisition of a US-based excess- and sur...
Benfield places 98% of Japanese renewals electronically
Leading broker Benfield has placed almost all its second-quarter Japanese renewal business electroni...
Xchanging to float on LSE
Business-process outsourcing specialist Xchanging is all set to float on the London Stock Exchange. ...
Lloyd's announces $7.2bn profit for the year ended 2006
Specialist insurance marketplace Lloyd's has announced profits of £3662m ($7.2bn) for 2006.The profi...
Captive popularity on the rise in UK, says Marsh
UK companies are increasingly considering captive formation, driven by a desire to implement sophist...
SCOR takeover battle for Converium runs on
French reinsurance company SCOR has announced the European Commission (EC) has approved its hostile ...
Heritage reports bumper year despite Rock loss
Fledgling Lloyd's insurer Heritage has reported bumper 2006 annual profits, with a gross premium inc...
Trend toward global softening to continue, broking giants predict
Leading brokers have predicted that reinsurance lines will remain flat or slip lower throughout the ...
RFIB in private-equity buyout
Lloyd's broker RFIB Group has announced a buyout funded by Fleming Family and Partners' private equi...
Florida businessmen warn of extending Citizens cover
A Florida business lobby group has urged the state's insurers and budget leaders to proceed cautious...
Alea Group accepts £162m Fortress bid
Alea Group, the Bermuda-based insurer that was placed into run-off last year has received an offer f...
Aon Global Risk Consulting launch
Broking giant Aon has formed a dedicated risk-consulting, captive-management and risk-engineering gr...
Lancashire gets new CEO as Brindle takes back seat
Class of 2005 Bermudian (re)insurance start-up, Lancashire has appointed Simon Burton as chief execu...
Bermuda Monetary Authority appoints new CEO
The Bermuda Monetary Authority (BMA) has announced that Matthew Elderfield has been appointed as its...
Brit directors cash in as options mature
Brit Insurance Holdings chief executive Dane Douetil has rounded off the insurer's recent spate of share buy-backs by cashing in a string of personal options netting him more than £300 000.