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April 2010/3
Chaucer shares climb on takeover speculation
13 April 2010
Shares in quoted Lloyd's insurer Chaucer Holdings have continued to climb today (12 April) as rumours persist of an imminent takeover bid… Read more
US crop proposals to scythe reinsurer profits
13 April 2010
The US crop insurance model is under threat from proposed changes to legislation that could slash expected profits for reinsurers and drive them away from participating in the business… Read more
Lloyd’s calls for disclosure of all ‘off-slip’ broker arrangements
13 April 2010
Lloyd's underwriting tsar Tom Bolt has ordered members to report all "off-slip" payments made to intermediaries, as contingent commission-style arrangements become increasingly common in the London market… Read more
Lloyd’s trio count $300mn Chile losses
13 April 2010
Combined losses from the Chilean earthquake through the Lloyd's platforms of Amlin, Hiscox and Catlin could reach as high as $300mn, The Insurance Insider understands… Read more
AmWINS and Colemont tie-up creates $4.8bn premium business
13 April 2010
Private equity-backed US broker AmWINS has agreed a merger with fellow US wholesaler Colemont Global Group (CGG) to form an enlarged group that will place $4.8bn of premium annually… Read more
Florida stand-off continues as another ‘de-pop’ goes
13 April 2010
Florida's insurance commissioner and governor have stood firm in defending their handling of the state's insurance sector, as one insurer faced insolvency and another was put onto special regulatory measures last week… Read more
Stilwell ups stake in troubled Kingsway
13 April 2010
New York-based private investor the Stilwell Group has upped its stake in troubled Canadian insurer Kingsway Financial Services (KFSI) to 12.8 percent… Read more
US judge slams Kingsway charity scheme
13 April 2010
The Pennsylvania Department of Insurance has lost its lawsuit against Kingsway Financial Services (KFSI), with judges finding that the firm did not technically violate the law when it disposed of the Lincoln General Insurance unit by donating it to charities… Read more
Amlin, Hiscox, Hardy pick of Lloyd’s insurers
13 April 2010
Amlin, Hiscox and Hardy have come out as the top performers at Lloyd's in Shore Capital's annual post-results note on the market's listed insurers… Read more
Marketform posts £90mn loss due to Italian med mal
13 April 2010
Lloyd's insurer Marketform has reported a £90mn loss for 2009, on the back of a sharp deterioration in the claims record of its Italian public hospital medical malpractice (med mal) book… Read more
Results: 44
