October 2007/6

Ark Syndicate Management, the private equity backed Lloyd's insurer formed in March from a team of senior underwriters who resigned from Aspen Insurance Holdings last year...

It may have been another benign year for US hurricanes, but IPCRe's international book means it has inevitably taken a number of hefty non-US catastrophe losses, not least from the UK summer floods.

Stock in US (re)insurance giant, American International Group Inc (AIG) plummeted by nearly 10 percent in a day on Thursday (25 October), as worries about its exposure to the sub-prime mortgage market mounted.

The southern California wildfires, which have been raging across the region since 21 October, look set to cost (re)insurers between $900mn and $1.6bn in insured losses, according to the latest estimates from catastrophe modelling firm Risk Management Solu

HSBC Insurance has launched a Dublin-based reinsurer to accept risks from the parent company's banking customers.

Beaufort Underwriting Agency Ltd has become the latest Lloyd's insurer to be acquired this year as interest in Lime Street continues unabated.

Bermuda-based Lloyd's insurer Hiscox Ltd will replace its $360mn sidecar Panther Re with a Lloyd's special purpose syndicate next year.

Advent, the quoted EC3 reinsurer, has said it is exposed to a potential small loss from Lloyd's decision to invest in Mainsail II, the stricken structured investment vehicle (SIV).

Rating agency Standard & Poor's (S&P) has revised its outlook on Fairfax Financial Holdings Ltd (FFH) and its subsidiaries to stable from negative citing the Canadian group’s improving enterprise risk management.

Willis Group Holdings improved both its top and bottom lines in its third quarter results, which were published last week.

Despite a drop in gross written premiums for the third quarter of 2007, US commercial lines insurer WR Berkley reported net income of $180mn or 93 cents per share, buoyed by a...

John Charman will stay on as CEO and president of AXIS Capital Holdings Ltd for at least a further year after the Bermudian (re)insurer extended his contract to 31 December 2009.