November 2010/2

Swiss Re, XL Capital and The Hartford Financial demonstrate strong recovery at Q3

Two new syndicates are to add £135mn to capacity at the beginning of the 2011 underwriting year at Lloyd's, as predicted by The Insurance Insider, while other ventures target a 1 April start date.

AmTrust Europe has parted company with its most senior actuary Sukie Harrar, The Insurance Insider can reveal.

The overall market for UK solicitors' professional indemnity (PI) fell by 13 percent to £214mn despite the withdrawal of Quinn, previously the fourth-largest insurer in the class.

Lloyd's has decided to leave its upfront management and Central Fund charges unchanged for the fourth year in succession.

Private equity-backed Lloyd's insurer Ark is continuing its expansion plans with new hires and the capture of a Bermudian treaty book that it will migrate to London next year, The Insurance Insider can reveal.

Private equity-backed Lloyd's insurer forms its own managing agency

Property Claim Services is understood to have put a $775mn initial industry insured loss estimate on the powerful storms that ripped through Arizona in the first week of October.

Bermudian stalwarts John Lummis and Jim Stanard have formed a management company, Flex Capital Advisors (FCA), that will underwrite reinsurance on behalf of companies and funds, and is set to sponsor a new $500mn start-up on the island.

Extra reinsurance demand may arise from model changes in 2011, in addition to the growing interest in aggregate covers (see lead article).

The development of earthquake losses is notoriously difficult to predict

The Insurance Insider examines the strategic choices that confront Apollo-CVC if 95 percent of Brit shareholders accept the recommended offer that values the UK insurer at £865mn