• X
  • LinkedIn
  • Email
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Email
  • Free trial
  • Log in

July 2006/3
  • Tower Group takes $5.4mn hit on PXRE commutations
    New York-based Tower Group Inc revealed on 6 July that it will write down $5.4mn on its balance sheet after commuting its outstanding liabilities with the near-defunct Bermudian reinsurer, PXRE Group.
    10 July 2006
  • Start-up brokers bolster aviation operations
    Colemont Insurance Brokers Ltd - the newly formed London arm of US wholesaler Colemont Corporation - and Integro Group have both appointed new heads of their aviation operations.
    10 July 2006
  • Carbon Re launches greenhouse gas covers
    A new (re)insurer, Carbon Re, has been set up in Switzerland to provide covers to greenhouse gas emissions-related projects.
    10 July 2006
  • Leading Lloyd's (re)insurer parts company with senior management
    Liberty Syndicates - one of the largest Lloyd's (re)insurers - parted company suddenly with its managing director Sean Dalton and head of underwriting Andrew Elliot, Insider Week revealed last Friday (7 July).
    10 July 2006
  • Militant Names launch £1bn class action suit
    Over 1,000 Lloyd's Names have launched a £1bn class-action style legal case against the UK government, led by seasoned campaigner Christopher Stockwell.
    10 July 2006
  • Illinois turns up heat on Liberty Mutual
    Illinois' Lisa Madigan became the third state attorney-general to increase the pressure on industry giant Liberty Mutual Inc when it filed a lawsuit against the firm alleging unlawful behaviour in relation to undisclosed contingent commissions...
    10 July 2006
  • JLT replaces finance chief
    Jardine Lloyd Thompson Group plc - the broking group in talks to take-over UK rival Heath Lambert Group - is to appoint a new finance director.
    10 July 2006
  • R+V awarded EUR3.6mn damages from Risk
    German reinsurer R+V has been awarded EUR3,528,357 in damages from the former Lloyd's based managing agency Risk. The award came in a judgement handed down by Mr Justice Tomlinson this morning (10 July) in London's Royal Courts of Justice.
    10 July 2006
  • Mixed reaction to SCOR's Revios acquisition
    Think of SCOR as a P&C reinsurer? Think again. Following SCOR's announcement last week that it has agreed to buy the German life reinsurer Revios in a $775mn deal, SCOR's business mix will be 60 percent life reinsurance and only 40 percent...
    10 July 2006
  • July renewals show steep increases for short-tail lines
    The capacity shortages for catastrophe reinsurance meant rates were up by around 60 percent on average at the key 1 July renewals with some placements left unfulfilled, according to research by investment house, Keefe, Bruyette & Woods (KBW).
    10 July 2006
  • Former QBE underwriter joins LMA
    Former Lloyd's underwriter and insurance arbitrator Mel Goddard is to join the Lloyd's Market Association (LMA) as the Director of Underwriting.
    10 July 2006
  • Catlin opens office in China
    Bermuda-headquartered Catlin Group has opened an office in Hong Kong, becoming the latest (re)insurer to expand its offering to the growing Chinese market.
    10 July 2006
Load More

Most Recent