Reinsurance
Tax system is a threat to UK industry
In the past few days, Hiscox and Omega have announced their intentions to move their domicile to Ber...
Hastings-Bass to leave JLT
John Hastings-Bass, chairman of Jardine Lloyd Thompson's international retail broking operations, wi...
Penny Black's insurance week
Penny works with some strange people, who have even stranger fetishes, but none are quite as bizarre...
Lancashire brings in non-exec
London-listed Bermudian start-up Lancashire has announced the appointment of Martin Nicholas Caleb Thomas as a non-executive director.
Omega latest Lloyd’s player to redomicile to Bermuda
Lloyd’s and Bermuda (re)insurer Omega Underwriting today announced much improved 1st half results and has revealed that it is planning to redomicile its parent company to Bermuda as well as setting up a small direct US operation funded by a £35m placing…
Lloyd's seven ready to go
London Market News
Broker counters property team loss with acquisition
Erinaceous has moved swiftly to counter the loss of one-third of its residential property team (PM, ...
Lancashire Insurance obtains authorisation
London Market News
Oxygen Insurance Brokers announces new launch
London Market News
Penny Black's insurance week
Penny is happy to report that the 50th anniversary of the Monte Carlo Rendezvous was blessed with th...
Berkshire and CV Starr launch new syndicate 1919
Lloyd's has approved a new aviation, energy and marine syndicate, 1919, to be managed by Marlborough Underwriting Agency and capitalised by CV Starr. Approval was granted last Friday, 8 September.
Bonnar and Beaton leave Aspen
Aspen Insurance announced today that Nick Bonnar, head of specialty, and Ian Beaton, head of insurance, have resigned to take up new positions in the industry.
Oxygen enters reinsurance market
Oxygen Insurance Brokers has announced the launch of Oxygen Re.
RI3K launches new trading system
Electronic trading service RI3K has announced a new version of its trading system in Monte Carlo.
Guy Carp sees Cat rates online up 76% in the US
Reinsurance broker Guy Carpenter has announced that its world rate on line (ROL) average index increased by 32% in 2006, fuelled by rate rises of 76% in the US.
Lancashire receives FSA authorisation
Lancashire Insurance Company (UK) has obtained authorisation from the Financial Services Authority to commence underwriting.
Catlin claims record half year results
Catlin Group has announced what it described as ‘record’ net income for the six months ended 30 June 2006.
Whitespace makes software acquisition
Insurance technology specialist Whitespace Software has acquired Datarise Limited, a provider of claims management software solutions and services.
Fitch sees return of soft market cycle in 2007
Rating agency Fitch says it believes that over the next 12–24 months underwriting, operating and capital trends will generally support reinsurers’ current ratings, but that the biggest challenge facing the reinsurance sector over the period will be cycle…
Spitzer drops parts of charges against Greenberg
New York attorney general, Eliot Spitzer, has dropped several civil charges against former AIG boss Maurice R. Greenberg from a lawsuit accusing Mr Greenberg of using accounting tricks to hide problems at the company, according to reports.
Moody’s holds stable outlook for Reinsurance market
In its Global Reinsurance Industry Outlook – 2006 , Moody’s has maintained its stable view of the sector in 2006.
Benfield enjoys growth in first half
Benfield Group has announced group operating revenue in the first half of 2006 was up to £252.1m (H1 2005: £196.2m), an increase of 28.5%. The broking group's trading result was £107.9m (H1 2005: £82.0m), an increase of 31.6% - at constant rates of…
A mind to mingle
With much to promote, Marie Louise Rossi, former International Underwriting Association chief executive, speaks to Ed Vinales about getting down to business at this weekend's Monte Carlo Rendezvous
Stable ratings outlook maintained
Fitch, Moody's and Standard and Poor's have maintained their stable ratings outlook on the global re...