February 2006/3

US insurer The Hartford announced record 2005 net income of $2.3bn, or $7.46 a share, despite the year’s record industry hurricane losses. The figures were up by 8 percent and 5 percent respectively on 2004 results of $2.1bn and $7.12 a share...

Bermudian giant ACE was one of the island’s few (re)insurers to score a hat-trick with a positive fourth quarter result, full-year profit, and a sub-100 2005 combined ratio. The company, which bore a net after-tax charge of $1.05bn from the year’s...

Nottingham-based insurer IGI is set to open a London market underwriting office following its acquisition by the expansive Icelandic insurance group Vatryggingafelag Islands hf (VIS). VIS – which acquired a majority stake in IGI earlier this month...

The question of whether reinsurers or reinsureds are liable to pay premiums to their brokers could be tested in the UK courts again this year when Absalom v TCRU reaches trial. The obligation appeared to have shifted to the reinsured during...

Ex-Gen Re and AIG execs indicted over $500mn reinsurance deal; Omega gets Bermuda licence; Swiss Re completes EUR252mn credit reinsurance securitisation; Kanak resigns from AIG; Arch raises $200mn; Hannover Re completes $370mn cat bond; Validus makes 1/1;

Outsiders led by Dr Ward head short-list. As the short-list of candidates to become the next Lloyd’s chief executive undertake their final presentations, it is likely the three hundred-year-old Society will be in a position to announce...

Despite the closure of Kinnect, an elite group of Lloyd’s insurers have banded together to drive down trading costs in London. A breakaway group of powerful Lloyd’s insurers has combined with a view to co-operate on areas of mutual benefit...