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The Hartford Q2 profits plunge on US cats and asbestos charge
Shares in The Hartford were down 3.25 percent in after-hours trading after the US giant issued a Q2 profits warning on catastrophe losses and an asbestos charge.
14 July 2011
London digest
Claims transformation a ‘double-edged sword'; Fac back; Apollo heads for treaty; Profits up at Lloyd & Partners; ...And at Tysers; Traveler retires...
02 June 2011
Lancashire gets positive outlook
Bermuda-based Lancashire Insurance Company has become the first of the so-called "class of 2005" start-ups to be granted a positive outlook rating by AM Best.
28 July 2010
RBSI books £295mn operating loss
The insurance arm of UK government-controlled the Royal Bank of Scotland Group (RBS) has suffered another difficult year, with a 2010 operating loss of £295mn, down from a £58mn profit a year earlier
24 February 2011
More reserve releases in the pipeline as Lloyd's unveils £1.81bn profit
Lloyd's interim results reflected the strong performance of insurers underwriting in the marketplace as well as warnings of widely softening market conditions.
01 October 2007
Olympus Re rating under review on hurricane fears
Bermudian reinsurer Olympus Re has had its AM Best “A-” (Excellent) rating placed under review with negative implications as the rating agency expressed concerned over the company’s exposures to this year’s potent hurricane season.
28 September 2004
Validus leads race to acquire Lloyd’s insurer
The Bermudian (re)insurer Validus Holdings Ltd has emerged as the front-runner to buy the up-for-sale Lloyd’s insurer Talbot Underwriting Holdings, The Insurance Insider understands.
30 April 2007
Darag builds in Europe with Belgian run-off deal
German legacy buyer Darag has kept up its initial merger and acquisition pace into early 2011 with the takeover of the non-life portfolio of Belgium-based Quantum Insurance
10 February 2011
Third Point Re targets third party funds for property cat vehicle
Third Point Re is looking to raise third party funds to capitalise an off-balance sheet vehicle to write property cat business, The Insurance Insider can reveal.
20 August 2012
Achilles-Brit deal vote period extended into 2011
Brit shareholders have been given a further fortnight to vote on the joint Apollo-CVC offer for the listed Lloyd's insurer first unveiled in late October.
29 December 2010
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