March 2006/3

The Insurance Insider’s 2006 market survey, in association with Salmon Ltd, will gauge the views of senior industry figures on the competitiveness of the London market at a time of extraordinary flux for the industry. It takes less than five minutes...

But share price suffers as plans for new holding company, FSA insurer and rights issue revealed... Lloyd’s insurer SVB Holdings plc has confirmed a scheme of arrangement to ring-fence past liabilities, with the creation of a new holding company...

UK regulator the Financial Services Authority (FSA) has said it regards a healthy run-off sector as an essential part of the insurance market. Speaking at the Association of Run-Off Companies (ARC) Congress on 7 March, Julian Adams, head of...

When, without prompting, Jardine Lloyd Thompson Group plc’s (JLT) new chief executive Dominic Burke volunteered: “I passionately believe in the independence of JLT”, it begged the question: “Who was suggesting otherwise?”

The brokers working to achieve peer-to-peer initiatives with the “gang of six” Lloyd’s underwriters have been revealed as Aon, Benfield, Willis and Marsh. The “gang of six”, or G6, is the breakaway group of powerful insurers which has combined...

Giant reinsurer Swiss Re reported a 41 percent drop in its 2005 net income to SFr1.451bn from SFr2.475bn in the prior-year, a result that reflected a tough year for reinsurers. Swiss Re absorbed SFr3bn in large natural catastrophe claims following...

As Amlin, Beazley, Catlin and Hiscox kicked off the Lloyd’s listed vehicles’ 2005 reporting season, analysts at Keefe, Bruyette & Woods Ltd (KBW) noted good prospects for the sector based on recent trading statements, despite the record hurricane...

Shares in (re)insurer Quanta Capital Holdings Ltd collapsed earlier this month after the company admitted it was putting itself up for sale following deteriorating losses and a downgrade by rating agency AM Best from the crucial A- to B++.

Months after Lloyd’s insurer Wellington Underwriting plc stunned shareholders with two loss updates in the space of ten days came the announcement that its chief underwriting officer David Foreman was to retire.

Axiom Consulting is the latest UK financial services firm planning to cut costs by outsourcing its functions to an offshore firm, The Insurance Insider can reveal. The (re)insurance run-off consultancy – which spun-off from former owner Aon Ltd in...

The Insurance Insider reports from the World Insurance Forum where the growing interaction between the reinsurance industry and the capital markets was a key subject of debate. Industry leaders gathered at the World Insurance Forum in Bermuda last...

London-based HSBC Insurance Brokers announced a restructuring on 2 March, with the creation of four core divisions reporting to chief executive Mike Dixon. The new structure sees Direct Client Solutions, International Solutions, Intermediary...