Run off
Charles Taylor appoints new insurance board
A new board of directors has been appointed at Charles Taylor Insurance Services as the latest stage of the development of the business.
Tawa reports results upswing
Insurance services group reports profits of $11.2m in sharp contrast to loss of $42.4m in 2008
CTC sees loss adjusting reveune and profits increase
Insurance services provider Charles Taylor Consulting saw its profit before tax increase to £15.7m (2008: £9.9m) on reveune of £96.6m (2008: £80.8m) in 2009.
Seven PwC solvent schemes of arrangement sanctioned by the court
Seven PricewaterhouseCooper solvent schemes of arrangement have been sanctioned under Part 26 of the Companies Act 2006.
Interview: Ulrich Wallin, Hannover Re - German ambition
Since taking the reins at Hannover Re from Wilhelm Zeller in June last year, Ulrich Wallin has helped the German reinsurer grow both organically and through acquisition. He tells Katherine Blackler about his career, predictions for 2010 and plans for…
Corporate tax cut in New York proposed by NYIE - Wrynn
The New York Insurance Exchange may seek lower federal corporate tax to enhance its appeal, according to the Insurance Superintendent
Pick of the week
Post reporter Amy Ellis outlines some of the major stories from this week's issue of Post Magazine.
Arc reports upswing in run-off liabilities
A report by the Association of Run-off Companies and KPMG shows an increase of more than £8bn in UK non-life run-off market liabilities for 2009.
News analysis: Scottish LIon - Sting in the tail
Although the Scottish Lion appeal was a victory for creditor democracy, many legal arguments over solvent schemes of arrangement remain to be settled. Tim Goodger and Ed Stanley explain how the judgment places a heavy burden on scheme administrators to…
Armour Re adds former Pro Solutions senior executive
Bermudian specialty reinsurer Armour Re has said that it has hired Katherine Barker as president of its US subsidiary, Armour Risk Management.
Compre opens new Swedish operation
Compre Group has opened a new service company Compre Services (Sweden) AB with offices in Malmö and Stockholm.
Compre opens new Swedish operation
Compre Group has opened a new service company Compre Services (Sweden) AB with offices in Malmö and Stockholm.
Scottish Lion appeal bid allowed
The Lords of the Scottish Appeal Court has allowed the appeal by Scottish Lion Insurance against the judgment of Lord Glennie on whether it would ever be fair for a court to sanction a solvent scheme in the face of creditor opposition.
Scottish Lion ruling overturned
PwC partner Dan Schwarzmann "delighted" by outcome as the Scottish Lion ruling is overturned.
AM Best puts Novae Group debt rating on review
Move follows decision to close UK insurance arm.
Novae places subsidiary into run-off
Novae to look for a company to run off its D&O business, while placing subsidiary NICL in run-off.
UK takaful insurer into run-off reveals Post
The self-proclaimed first Shariah-compliant general insurer in the UK, Salaam Halal Insurance, has gone into solvent run-off, Post Magazine revealed exclusively this week.
Reinsurance Claims & Run-off Seminar – update
The live Claims & Run-off Seminar is taking place on 9 December 2009 at The London Capital Club, now also featuring a free lunch sponsored by Mound Cotton Wollan & Greengrass. Sign-up for free online now.
Randall & Quilter makes acquisition
Run-off specialist acquires 70% of US company.
Quirk in the mainstream
Katherine Blackler talks to Geraldine Quirk, partner and run-off specialist at law firm Clyde & Co.
Destination: France
Thomas Willkowei and Ralph Bunger of Global Re give a rundown of the French run-off market.