April 2007/1

Proposed Lloyd's start-up Leinster Underwriting Services has missed the 1/4 renewals after failing to raise the £180mn in capital its business plan had outlined in time.

Lloyd's insurer Heritage Underwriting Agency announced that its gross premium income grew 82 percent last year following a change in strategy to take a bigger share of its managed underwriting.

European reinsurer Württembergische Versicherung AG (W&W) has been assigned an A- rating from AM Best just months after being downgraded by Standard & Poor's (S&P).

Shares in Bermudian Flagstone Reinsurance Holdings Ltd faltered in early trading Friday (30 March) following its listing on the New York Stock Exchange.

QBE Insurance (Europe) has launched a new professional indemnity division after merging its portfolio with that of DA Constable Syndicate 386.