News
Endurance raises $85m
Bermudan (re)insurer reopens 2004 debt offering of 7% senior notes due 2034 to raise funds for “general corporate purposes.”
Ecclesiastical reports £100m swing in profits
Specialist insurer Ecclesiastical has announced a net profit of £79m for 2009 - a swing of almost £100m after a loss of £22.5m in 2008.
Scor opens life branch in Israel
Scor Global Life has decided to establish a representative office in Tel Aviv for the Israeli life and health reinsurance market, which is estimated to represent around EUR 3.4bn in 2010, due to long-standing business relations in the Israeli Life…
Lancashire: no material exposure to Xynthia
Lancashire Holdings today announced that it estimates its net losses before tax from the earthquake in Chile and subsequent aftershocks range from approximately US$65m to US$125m including the sum of gross claims and claims expenses, reinsurance…
Lancashire: no material exposure to Xynthia
Lancashire Holdings today announced that it estimates its net losses before tax from the earthquake in Chile and subsequent aftershocks range from approximately US$65m to US$125m including the sum of gross claims and claims expenses, reinsurance…
Abbey looking forward to 2010 "with confidence" after £8.7m profit
Abbey Protection saw a 6% growth in pre-tax profits to £8.7m in 2009, on revenue (before investment income) up 15% to £32.5m.
CTC sees loss adjusting reveune and profits increase
Insurance services provider Charles Taylor Consulting saw its profit before tax increase to £15.7m (2008: £9.9m) on reveune of £96.6m (2008: £80.8m) in 2009.
Lloyd's hails record profit of £3.9bn for 2009
Lloyd's this morning announced a £3.9bn profit for 2009 (2008: £1.9bn), which it hailed as a "record results during challenging economic conditions".
Lloyd's hails record profit of £3.9bn for 2009
Lloyd's this morning announced a £3.9bn profit for 2009 (2008: £1.9bn), which it hailed as a "record results during challenging economic conditions".
Oval swoops for South-west broker
Oval has acquired Gloucester based insurance broker J L Fisher
Equality Bill passed by House of Lords
Harriet Harman, Minister for women and equality, today welcomed the completion of the Equality Bill’s third reading in the House of Lords.
Six arrested in “largest ever” insider dealing investigation
Six men, including two senior city professionals, have been arrested in the Financial Services Authority’s “largest ever” operation against insider dealing.
Aon claims market leading position with deal
Aon has acquired the local German broker Versicherungsmakler which specializes in placing insurance for environmental projects.
Aon claims market leading position with deal
Aon has acquired the local German broker Versicherungsmakler which specializes in placing insurance for environmental projects.
Catlin founder: Bermuda tax rises a nasty surprise
The increasing cost of employing people in Bermuda will add to the pressure on the Island's global reinsurers to locate more jobs in cheaper jurisdictions according to Stephen Catlin
Insurers await UK Budget Report
Insurers are waiting to see the impact of tomorrow’s Budget on insurance premium tax.
Start-up broker NMJ partners with Open GI
The new branch-based broking network established by former Equity Insurance Group Directors has signed up to the Open GI platform for a minimum of four years.
One Answer Network teams up with Selfnet
One Answer Network has teamed up with Selfnet to offer its members a Selfsure product designed to simplify the insurance buying process for both brokers and customers.
Auto Windscreens appoints chief financial officer
Auto Windscreens has appointed Kieron Singleton to the new role of chief financial officer.
Energy losses from Chile quake will not exceed $350m - Marsh
Marsh has estimated that energy insurance losses from the Chilean earthquake will not exceed $350m, following a review of expected claims by its energy claims specialists.
Markel adds to hull and war team
Markel International has appointed Daniel McCarthy as an underwriter within its Hull and War team.
Dai-ichi Life raises $11bn in IPO
Dai-ichi Mutual Life Insurance will raise 1.01trn yen ($11bn) in the Japan’s biggest initial public offering in more than a decade after pricing its stock 9.7% below the top of a planned range.
Flagstone proposes domicile move
Flagstone Re has said that it wants to move domicile from Bermuda to Luxembourg.If approved by shareholders, Flagstone said that it expects the redomestication to take place over several months.
Flagstone proposes domicile move
Flagstone Re has said that it wants to move domicile from Bermuda to Luxembourg.If approved by shareholders, Flagstone said that it expects the redomestication to take place over several months.