April 2006/3

Profits nearly double at Allianz German insurer Allianz AG almost doubled profits last year, with 2005 net income up to EUR4.38bn, a 93 percent rise from the previous year’s EUR2.66bn. Total revenues rose by 4.2 percent from EUR96.9bn in 2004 to EUR100.

Lloyd’s has given distressed Bermudian insurer Quanta Capital Holdings a deadline to inject new capital into its Syndicate 4000 or face the business being closed by year-end. The Bermudian headquartered insurance group revealed in a...

Following on from the early-reporting Lloyd’s listed vehicles (see March issue of The Insurance Insider), the latest clutch of 2005 results were mixed, with those escaping the devastating hurricane losses with a profit largely indebted to reserve...

The data processing and electronic transfer initiative being driven by the so-called “gang of six” (G6) is gathering momentum, with the completion of a first round of successful tests, agreement of standards and a ringing endorsement from the Lloyd’s...

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...