All material subject to strictly enforced copyright laws. © 2021 Insurance Insider is part of Euromoney Institutional Investor PLC.
Accessibility | Terms & Conditions | Privacy Policy | Modern Slavery Act | Cookies

August 2005/5

  • In a surprise move, reinsurance giant Swiss Re announced today that Jacques Aigrain will succeed John Coomber as its chief executive.
  • The head of General Electric’s (re)insurance arm has confirmed that the giant conglomerate will probably sell or spin-off all its underwriting units in due course.
  • Lloyd’s insurer Illium has reached a provisional agreement to expand its 2006 capacity through a coinsurance arrangement with Great Lakes UK, a subsidiary of world’s largest reinsurer Munich Re.
  • Rod Fox, the former chief executive of Benfield's US arm, is set to return to operations at the reinsurance broker after being granted a leave of absence in the spring following allegations concerning his private life.
  • MMC’s finance director Sandra Wijnberg will be the latest high profile departure from the broking giant after confirming this week that she would step down early next year.
  • Australian insurer QBE announced last Wednesday (17 August) a record profit of A$491mn (£207mn) for the first half of 2005.
  • GoshawK – the parent company of Bermudian reinsurer Rosemont Re – issued a profits warning last week as exposures from recent catastrophe losses continue to grow.
  • In a trading update released to the London Stock Exchange this morning (22 August) Lloyd’s insurer Wellington Underwriting has said it expects to exceed market expectations for the first half of 2005.
  • Recently quoted Lloyd’s insurer Omega Underwriting Holdings Ltd forecast last week that it would make 10-15 percent profit on a capacity of £152mn for 2003.
  • Lloyd’s insurer Chaucer revealed improved syndicate forecasts for both the 2003 and 2004 years of account, together with positive progress on the current year of account, as it released a trading update last Thursday (18 August).
  • UK insurer Brit Insurance Holdings plc followed rivals Hiscox and Amlin in releasing a bullish trading statement last Friday (19 August), revealing its forthcoming half-year results will be "materially ahead" of expectations.
  • Amlin predicts strong first half year Shares in Lloyd’s insurer Amlin Plc rose sharply on 17 August after the company released a better-than-expected trading statement.
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree