Latest news

Apollo Syndicate in RDS reinsurance back up; plans 2011 expansion

3 September 2010

Flagstone and Names-backed Lloyd's start-up Apollo Syndicate 1969 has had to purchase additional reinsurance for 2010 in its maiden year having written business with potential exposures greater than those envisaged in its business plans… Read more

BMS appoints Beardmore as CEO and confirms underwriting plans

3 September 2010

Independent London market (re)insurance broker BMS has appointed Carl Beardmore to fill the vacant role of CEO of its group holding company BMS Associates … Read more

Catlin leads excess and Marsh places liability for Gulf of Mexico rig

3 September 2010

London market insurer Catlin leads the excess property damage cover for the Mariner Energy-owned oil and gas platform Vermilion Block 380 that caught fire yesterday (2 September) in the Gulf of Mexico, The Insurance Insider understands… Read more

Omega MD steps down

3 September 2010

The Lloyd's insurance arm of Bermudian-domiciled Omega Insurance Holdings has parted company with its managing director Andrew Adie… Read more

Rig explosion owner is OIL member with possible commercial exposure

2 September 2010

The owner of the offshore Gulf of Mexico oil rig which suffered a major explosion today (2 September) is a member of Bermuda-based industry insurance mutual OIL and has bought commercial cover in the past… Read more

Lloyd’s follows FSA with probe into motor underwriter Equity

2 September 2010

Lloyd's has joined UK regulator the Financial Services Authority in investigating accident-prone Lime Street motor underwriter Equity Redstar and may impose sanctions… Read more

Up to $150mn insured losses so far as Earl heads towards Carolinas

1 September 2010

As Hurricane Earl continues on a track that flirts with landfall in North Carolina and states further up the Eastern seaboard, insured losses from the damage it wreaked in the Caribbean have been put as high as $150mn… Read more

Lockton International turns back clock with LLP switch

1 September 2010

Lockton International is to transfer its broking business into a newly created limited liability partnership (LLP) before the close of the 2010/11 financial year, according to accounts filed with UK company register Companies House… Read more

AmWins latest to take legal action against Ryan Specialty

1 September 2010

US broker AmWins has become the second wholesale giant to lock horns in legal action with industry veteran Patrick Ryan's ambitious start-up, Ryan Specialty group (RSG), and its new wholesale broking arm R-T Specialty… Read more

Nelson Re downgraded on Glacier run-off

1 September 2010

Moody's Investor Service has downgraded the outlook on Glacier Re's 2008 Nelson Re catastrophe bond on the risk of strategic default after the Swiss reinsurer placed its business in run-off… Read more

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