Reinsurance
Ariel-Atrium deal goes unconditional
Class of 2005 Bermudian start-up reinsurer Ariel Re has succeeded in its bid for Lloyd’s (re)insurer Atrium Underwriting, declaring the £193m, ($380m) 365p a share, offer unconditional in all respects.
Amlin profits up 54% as Bermuda contribution doubles
Lloyd’s insurer Amlin this morning reported a 54% increase in profit before tax to £185m.
Appointment at Aon
Geoffrey Bromley will join Aon as vice chairman of Aon Re Global next year. Mr Bromley will lead Aon...
Carvill and TFS partnership
Reinsurance broker Carvill and Tradition Financial Services Energy, an inter-dealer broker of over-t...
Preparing for the turn
With the bank holiday now behind it, the insurance market can now set its sights on a very busy Sept...
Axis merger on-hold
The £14m merger between loss adjusters Axis International and Miller International has been put on-h...
Loss adjusting CEO resigns
The Axis board has announced that Peter Shortland the chief executive has resigned from the company.
Carvill teams up with energy derivatives broker TFS
Reinsurance broker Carvill and Tradition Financial Services (TFS) Energy, an inter-dealer broking of over-the-counter (OTC) and exchange-traded physical and derivative products, have announced an agreement to form an insurance derivatives brokerage…
Appointment at Aspen
Richard Bucknall and Matthew Botein will be joining the Aspen board as non-executive directors. Mr B...
First cat option transacted on Gallagher Re NYMEX contract
The first catastrophe risk trade on the New York Mercantile Exchange (NYMEX) has been brokered by inter-dealer broker GFI.
McConachie adds risk job to Lancashire CFO role
Bermudian (re)insurer Lancashire has announced the appointment of Neil McConachie as chief risk officer of the group.
Lancashire CFO cashes out 84% of stock for $975,000
Class of 2005 Bermudian (re)insurer Lancashire has disclosed that its chief financial officer Neil McConachie has sold 148,025 of his shares in the company at a price of 332 pence each.
Floridian insurers denied rate requests
The Florida Office of Insurance Regulation has denied the rate requests of three companies for not substantially lowering their property insurance rates.
Homeserve mulls claims department swoop
Homeserve has refused to rule out the possibility of acquiring a household claims operation from one...
Montpelier buys US excess & surplus insurance shell
Bermudian reinsurer Montpelier Re has gained access to 38 US states with the purchase of General Agents Insurance Company of America.
Guy Carp chair defects to Aon
Aon has announced that Geoff Bromley will join the company as vice chairman of Aon Re Global. In the role, Mr Bromley will lead Aon Re's operations in the United Kingdom, Europe, Africa and Middle East and Asia Pacific.
Lancashire sharply rising
Insurer and reinsurer Lancashire has announced its results for the second quarter of 2007 and the si...
Appointment at Liberty
Liberty Syndicates has appointed Emma Mercer as head of accumulation management. Ms Mercer will be f...
Hathaway growth
Berkshire Hathaway has published strong results for the second quarter of 2007, with net earnings re...
What the papers said this week
Nottingham Evening Post A dad-of-two is furious after his family's personal details were upload...
New head at GCFac
Rupert Bedford has been appointed as head of UK broking at Guy Carpenter's facultative arm, GCFac. M...
Q2 profits exceed $3bn for Berkshire Hathaway
Berkshire Hathaway has published strong results for the second quarter of 2007, with net earnings reaching $3.11bn, compared to $2.34bn in the same period last year.
Swiss Re second quarter earnings rise 45%
Swiss Re today announced earnings of CHF1.2bn (£496m) in the second quarter of 2007, an increase of 45% over the same period last year. Annualised return on equity for the second quarter improved to 15.9%, compared to 13.3% in 2006. Earnings per share…
Munich Re announces $2.9bn profit
Munich Re has announced a profit of €2.1bn ($2.88bn) for the first half of 2007.