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Quanta and GoshawK deals maintain M&A momentum
Fears that the well of legacy transactions would run dry as tight credit conditions took hold appear unfounded, as the first half of 2008 yielded eight significant deals - maintaining the run-rate of the last two years.
07 July 2008
HCC forms new Lloyd’s syndicate
US insurer HCC Insurance Holdings Inc has announced the acquisition of Indiana-based MultiNational Underwriters (MNU) and the establishment of a new $24mn capacity Lloyd’s syndicate.
03 January 2008
Airmic says contracts not ‘gentlemanly ethics’ should underpin claims
Insurance buyers can no longer rely on underwriter discretion to ensure that claims are paid out when century-old UK legislation offers the opportunity to avoid them, delegates heard in Manchester last week.
21 June 2010
Legacy market’s Norwich rendez-vous encore
One of the largest gatherings of the UK and international P&C legacy market takes place this month with the R&Q commutations Rendez-Vous in Norwich, UK.
04 June 2010
Mega-losses represent almost 70% of energy claims
Last year's loss log offers further evidence that the biggest challenge facing energy insurers is the rise of the mega-loss, with $100mn plus claims accounting for more than two-thirds of total losses.
16 March 2010
AmWins pursues Ryan Specialty for damages after broker defection
US broker AmWins has filed a fresh lawsuit against R-T Specialty, industry veteran Pat Ryan's rival wholesale start-up, to pursue damages for "misappropriation of trade secrets" following the defection of a senior broker.
27 September 2010
Record payouts for property and casualty insurers in 2005
Latest estimates from the Insurance Services Office’s (ISO) Property Claims Service (PCS) of $56.8bn in insured property losses would confirm 2005 as a record year for payouts. The figure is more than double the previous record, set in 2004...
30 January 2006
FSA investigates three Lloyd’s insurers
Three Lloyd's managing agents have faced an intrusive Section 166 investigation from UK regulator the Financial Services Authority (FSA) in the last two years following compliance concerns, The Insurance Insider has learned.
07 February 2011
NZ losses of Hiscox, Beazley and Brit may hit $110mn
Lloyd's (re)insurers Hiscox, Beazley and Brit can expect a combined $110mn hit from the New Zealand earthquake, Keefe Bruyette & Woods analyst Christopher Hitchings has estimated.
24 January 2011
Big discounts bring big responsibilities
Our Aon Carrier Charge story (see page 9) shows that the juggernaut issue of enhanced broker commissions continues to rumble, ruffling feathers and provoking sideways glances wherever it goes.
24 January 2011
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