Run off
Run-off liabilities down
KPMG's annual run-off survey of UK non-life insurance shows that liabilities have shrunk by 21%.
SII to drive M&A in run-off sector
KPMG’s annual run-off survey of UK non-life insurance, has shown that liabilities have shrunk by 21%.
Ruxley completes Canadian run-off transfer to Global Reinsurance Company
Ruxley Ventures has completed the transfer of the run-off policies of the Canadian branch of its subsidiary company, Aviation & General Insurance, to Global Reinsurance Company.
Postscript - 20 years ago: Job loss threat for aviation staff
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 20 years ago reveals.
Bahrain firms eye UK Takaful tie-up
A joint venture between UK-based distributors and Middle-Eastern insurers is the most successful formula for launching a Takaful operation in the UK, according to the chief executive of the Bahrain Economic Development Board.
Solicitors' PI - block policies: Safety in numbers
Smaller legal firms can find it difficult getting professional indemnity cover in the midst of an economic downturn, but could there be a lifeline? Christopher Rooke takes a look at block policies and the advantages they can offer.
Clydesdale broker push starts off with Panacea
Scottish bank Clydesdale has set its sights on investment in the intermediary sector in a bid to expand its presence in the UK insurance market.
Double venture heralds return of Lord Sheikh
Lord Sheikh is set to return to the market with two new public limited companies.
Ecclesiastical turns focus onto core UK business
Ecclesiastical intends to focus on developing its core UK business, having opted to close its London market operation.
PWC: Expect more solvent schemes
At the Monte Carlo rendez-vous, Pricewaterhouse Coopers told delegates it expects the number of insurers and reinsurers entering solvent schemes to grow.
Glacier Re CFO resigns
Glacier Reinsurance has appointed Andreas Zdrenyk to the position of chief financial officer with immediate effect.
PWC: Expect more solvent schemes
At the Monte Carlo rendez-vous, Pricewaterhouse Coopers told delegates it expects the number of insurers and reinsurers entering solvent schemes to grow.
Glacier Re CFO resigns
Glacier Reinsurance has appointed Andreas Zdrenyk to the position of chief financial officer with immediate effect.
Ecclesiastical London market business to go into run-off
Ecclesiastical is to put its London market business into run-off.
Glacier Re to wind down business after stategic review
European reinsurer Glacier Reinsurance, has announced that the company’s existing portfolio will be placed in to an orderly run-off with immediate effect.
R&Q profits hit $3.6m
Randall & Quilter's income rose 52% to £16.1m in the first six months of the year, up from £10.6m in the first half of 2009. The company's profit before tax was £5.8m (2009: £1.2m) and basic earnings for each share are 6.9p (H1 2009: 1.7p). The insurance…
Tawa takes over Island Capital
Tawa has entered a share purchase agreement to acquire 94.3% of the issued shares of Island Capital, and its wholly-owned UK subsidiary, Island Capital (Europe).
R&Q insurance profit hits £3.6m
Randall & Quilter’s income rose 52% to £16.1m in the first six months of the year (H1 2009: £10.6m).
R&Q insurance profit hits £3.6m
Randall & Quilter’s income rose 52% to £16.1m in the first six months of the year (H1 2009: £10.6m).
Run-off: Putting the pieces in place
Having an in-depth plan to implement a solvent scheme is just one part of a complex process that also includes convincing the stakeholders and the courts that to do so is a good idea, writes Daniel Schwarzmann
KPMG appointed as First City's administrator
David Costley-Wood and Michael Walker, restructuring partners at KPMG, have been appointed joint administrators of First City Insurance Group and its subsidiary company, First City Partnership by the companies’ directors.
R&Q income grows but profit drops
Randall & Quilter, the specialist non-life insurance investor, has reported a 17% of growth in group income for 2009.
R&Q acquires La Licorne
Randall & Quilter has acquired a French run-off reinsurer of third party motor business for €3.2m.
Goldean to step down from Scottish Re
Scottish Re Group, the (re)insurer in run-off, said that its president and CEO Paul Goldean will step down at the end of the month.