March 2008/1

Lloyd's insurer Beazley has warned that the squeeze on commercial property insurers will become "extreme" as market discipline slips and rates continue to fall.

The Association of Run-off Companies (ARC) is canvassing members over the proposed development of a capital adequacy model to help firms in run-off deal with Solvency II requirements.

As broadly healthy earnings continue to be set against the threat of the softening market, AM Best has affirmed its stable outlook on the reinsurance sector, with a minority of upgrades and downgrades expected to balance out...

Lloyd's insurer Chaucer Holdings plc has struck a deal to close Heritage Managing Agency Ltd's Syndicate 1245 into its own Syndicate 1084.

Standard & Poor's (S&P) has put a positive outlook on UK insurer Novae's Lloyd's Syndicate 2007 in the expectation that its legacy issues will see further resolution in 2008, through the run-off or sale of the affected business.

Robert Hiscox, a former deputy chairman of Lloyd's and one of the most strident voices in EC3, has called the reduction of only 2 percent in the Society's capacity for 2008 "disappointing".

XL Capital added to fourth quarter losses arising from its relationship with troubled bond insurer Security Capital Assurance (SCA) in a Securities & Exchange Commission (SEC) filing after close of markets Friday (29 February).

Allianz Global Corporate and Specialty (AGCS) has set up a Global Discontinued Business division to handle its vast legacy business, The Insurance Insider has learnt.

Rod Fox has teamed up with his former EW Blanch colleague Ted Blanch to launch a "private boutique" reinsurance broker provisionally called Alpha Re.