Reinsurance
Heath Lambert appoints chief executive
Broker Heath Lambert has appointed Mark Hardinge as Chief Executive of the Group’s Financial and Professional Risks operation.
SVB moves out of the red
Lloyd’s insurer SVB this morning reported an interim profits before tax of £27.7m (H1 2004: £120.1m loss).
AM Best issues ratings alert after Katrina
Due to the evolving effects of Hurricane Katrina, AM Best has been aggregating public and private information in order to assess the financial impact it will have on insurers. AM Best expects all rated companies will be able to meet their current loss…
AM Best maintains Lloyd's rating
A.M. Best has hinted at greater leniency towards Lloyd's and has opted to maintain its financial strength rating despite potential losses from Hurricane Katrina.The rating agency said in a statement today it expects all rated companies will be able to…
Goshawk first half profits wiped out by 2004 hurricane season
Goshawk has announced a net loss of $500 000, a fall of more than $9m on its first half performance in 2004. The insurer, which now earns its premium from Bermuda-based Rosemont Re after placing Lloyd's syndicate 102 into run-off said rising losses from…
Early estimators on Katrina are "regretting it"
Hurricane Katrina Aftermath
Broker tips court battles
Hurricane Katrina Aftermath
Benfield reports drop in revenue
Reinsurance broker Benfield has reported a drop in group operating revenue to £196.2m (first half of...
RI3K and Xchanging announce new initiative
RI3K and Xchanging have announced a new initiative to allow early checking of contracts online. The ...
Offshore platforms: one in eight still unmanned
Hurricane Katrina Aftermath
The shipping forecast
Conference Preview: IUMI
Beazley warns insurers over reinsurance
Insurers could struggle to get reinsurance at the end of this year, following the damage caused by ...
Appointment at Integro
Integro has made Daniel Lavoie principal and chief compliance officer. Mr Lavoie will provide specia...
Hardy joins growing ranks
Lloyd's insurer Hardy has joined the growing ranks of companies admitting they may seek further capa...
UK insolvencies rife, claims report
The UK insurance industry was given a clean bill of health this week, despite research suggesting it...
Katrina legal battle looms
Hurricane Katrina is still very much the talk of the insurance market, from Monte Carlo to London to...
Alea's sale decision is "understandable"
Alea's decision to consider putting itself up for sale is understandable, according to a ratings ag...
FSA warns of losses from Hurricane Katrina
The Financial Services Authority has written to and e-mailed wholesale insurers amid concerns over l...
Lloyd’s predicts £1.4bn loss from Katrina
Lloyd’s has issued a provisional estimate for the market’s net loss as a result of Hurricane Katrina of £1.4bn.
Plumeri calls for action on TRIA
Joe Plumeri, chairman and chief executive of Willis Group, has issued a rallying cry for the extension of TRIA and for changes to the way that (re)insurance is regulated in the US.
Xchanging and RI3K announce contract certainty deal
RI3K and Xchanging have announced a new initiative to allow early checking of contracts online.
Greenberg cites Ace loss at between $450m and $550m
Ace president and chief executive officer Evan Greenberg has predicted that the loss of Hurricane Katrina will not be known for some time.
Kiln reports leap in profits
Lloyd’s insurer Kiln this morning reported that it had earned record profits before tax of £34.3 million, an increase of 24% on the same period last year (2004: £27.6 million) on gross written premiums of £195.1m (2004: £162.4m).
Omega estimates Katrina will cost it less than Florida hurricanes
Omega today said Hurricane Katrina would have a "negligible effect" on its 2005 results.