Reinsurance
Talbot takes on Goshawk book and staff
Talbot Underwriting’s Syndicate 1183 at Lloyd’s has broadened its range of operations by taking up the contingency account previously written by Goshawk Syndicate 102, and the underwriting team. Franchise approval from Lloyd’s has been obtained.
Government awards grants to tackle road safety
Four local authorities have been awarded over £4m by the government for extra road safety measures to reduce casualties in deprived areas.
Aspen 2003 income hits £81m
Results Round Up
Appointment at Keoghs
Keoghs has appointed two solicitors to its specialist fraud team. Charlotte Farrell joins from Liver...
Court rules on HIH contracts
The New South Wales Supreme Court has approved a deed that will return approximately Aus$300m to the liquidators of collapsed Australian insurance company HIH.
Hannover Re issues more hybrid capital
Hannover Re has successfully placed a subordinated bond debt issue of €750m in the European capital markets. The bond, which was issued via its subsidiary Hannover Finance, was oversubscribed several times.
Chem-Dry UK makes Mark Taylor chief executive officer
Claims management company Chem-Dry UK has made Mark Taylor chief executive officer. He was previousl...
Ex-Brit chief joins Euclidian
Euclidian Group has made former Brit Insurance Holdings chief operating officer Andrew Holland chief...
Appointment at Benfield
Reinsurance intermediary Benfield has appointed Professor Russell Blong, former director and founder...
Axis sees GWP and income jump
Bermudian insurer Axis Capital Holdings has reported a 100% increase in net income of $532m (£280m) ...
Guy Carpenter launches class-action tool
Reinsurance broking giant Guy Carpenter has launched a new modelling tool to help US companies analy...
AIG sells football stake back to club
Turkish football club Galatasaray has agreed to buy AIG's stake in its merchandising operation and p...
Holland joins Euclidian to run managing agency
Euclidian Group has appointed Andrew Holland as chief executive of its subsidiary Euclidian Underwriting, with immediate effect.
Montpelier Re reports record 2003 results
Montpelier Re has announced that it made a net profit of $99.9m for the fourth quarter of 2003, a rise of 35.5% on the $73.7m it made over the same period in 2002. The results take the company’s 2003 figures to a record total profit of $407.1m,…
Channel Re gets thumbs up from rating agencies
New Bermudian financial guaranty reinsurer Channel Re has received a financial strength rating of Aaa (exceptional) from Moody’s and AAA (extremely strong) from Standard & Poor’s.
IPC releases Q4 2003 profit figures
IPC Holdings has announced that it made a $65.4m profit in the fourth quarter of 2003, a rise of 327% on the $20m profit it posted in the same quarter the previous year.
Insurers still waiting for FSA answer on group claims processes
Mark Richardson, claims governance manager at Zurich Financial Services, said the insurer was still ...
Blong joins Benfield
Professor Russell Blong has joined reinsurance intermediary Benfield’s team of natural hazards experts in Australia.
Equitas settles largest US asbestos claim
Equitas, the insurer set up to reinsure and run-off Lloyd's pre-1993 liabilities, has settled its la...
Penny Black's insurance week
It seems that Penny was not the only socialite to enjoy the pleasures of the ski slope this se...
QGIR gets ratings approval from AM Best
AM Best has assigned a financial strength rating of B++ (very good) to Qatar General Insurance and Reinsurance (QGIR), along with a stable rating outlook.
Crawford recruits new agricultural team
David Waite Associates’ specialist agricultural team has joined loss adjuster Crawford & Company’s agricultural, rural industries and estates team. The existing team headed by David Thompson has been joined by David Waite and Steve Law both from David…
P&C - Aspen expands its US P&C arm
Bermuda-based Aspen Insurance Holdings is expanding its US property reinsurance arm with the creatio...
Making history
Arab Insurance Group has had a turbulent time since its initial public offering in 1997 but chief executive Udo Krueger is now confident about both the company and the Middle East market