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February 2010/3
  • Beazley ready for high credit claims in 2010
    Unveiling record underlying profits for 2009, Lloyd's (re)insurer Beazley has confirmed previous estimates of a negative impact on its £33mn 2009 profits...
    17 February 2010
  • People moves
    (Re)insurance litigator leaves RPC for rival; Brit appoints chief information officer.
    16 February 2010
  • News in brief
    Clydesdale provides financing for Windsor; Allied World sets up new division; Katherine Barker to head Armour US subsidiary; Chris Blackham returns to insurance industry at Howden...
    16 February 2010
  • Guy Carp to part ways with UK chairman
    Guy Carpenter is set to part company with UK chairman Mark Hewett, it emerged last week.
    16 February 2010
  • Lawrence of Argo lured by Chaucer
    Lloyd's insurer Chaucer has lured top Argo International underwriter Mark Lawrence to head up its new launch international liability division.
    16 February 2010
  • Unusual El Nino conditions inhibit forecasting
    Guy Carpenter's Asia-Pacific Climate Impact Center (APCIC) over-estimated tropical cyclone activity in the Western-North Pacific region in 2009, the broker said in a review.
    16 February 2010
  • Scor ups 1/1 renewal volume 7%
    Scor reported increases in volumes and pricing across its portfolio during an upbeat renewals update last week.
    16 February 2010
  • AIG Alico sell off may be less than half cash
    American International Group (AIG) may be forced to take more than $8bn of MetLife stock in lieu of cash if it wants to get life subsidiary Alico off its hands, according to US reports.
    16 February 2010
  • AM Best gives Hardy stable rating outlook
    Bermuda-domiciled Lloyd's insurer Hardy has received a stable ratings outlook from AM Best, ahead of its full year results due at the beginning of March.
    16 February 2010
  • PartnerRe adds fac unit in post-Paris reshuffle
    PartnerRe announced a string of additional structural changes last week, following the closing of its acquisition of Paris Re.
    16 February 2010
  • Fitch cuts Berkshire Hathaway ratings on $16bn railroad deal
    Fitch has downgraded Berkshire Hathaway's insurance subsidiaries, as the Warren Buffett-backed conglomerate completed its $16bn mega-acquisition of railway operator Burlington Northern Santa Fe (BNSF).
    16 February 2010
  • Bolt points to brokers to help ride out soft market
    Underwriters need to improve how they handle their transactions with brokers and maintain underwriting discipline to weather the soft market better, the Lloyd's performance director Tom Bolt has warned.
    16 February 2010
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