April 2006/3

Lloyd’s Names transferring to Hampden Private Capital following its acquisition of the CBS members’ agency face the possibility of a hike in profit commissions from 2008. Hampden Private Capital is now one of only two remaining Lloyd’s members’...

Fast-expanding Omni Whittington is close to launching a Singapore-based $50mn live underwriting Lloyd's syndicate, The Insurance Insider can reveal. According to the company, the new syndicate will write “predominantly short-tail commercial...

SVB shares fall following restructuring announcement ; Lloyd’s to launch in Shanghai ; Aviva drops Pru bid ; GoshawK shares set for suspension ; Aon PLF: P&I renewal “successful” ; Bail bond syndicate increases loss estimates ; et al...

Analyst expects Converium upgrade ; Omega Specialty gets A- rating ; Lancashire relieved as AM Best affirms A- rating ; Claims from Cyclone Larry hit $350mn ; HCC appoints Molbeck as President and COO ; Lexington reduces catastrophe exposure ; et al...

Despite stagnating underwriting conditions, capacity continues to hunt for a home in the aviation (re)insurance sector, with the imminent $1bn initial public offering (IPO) of Augsburg Re and a new Limit syndicate at Lloyd’s due to start underwriting...

The unlikely alliance between industry titans Maurice “Hank” Greenberg and Warren Buffett has led to the former American International Group (AIG) chief executive establishing an aviation underwriting platform in Lloyd’s.