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Ascot looks at expansion outside Lloyd's
Fast expanding Lloyd's (re)insurer Ascot Underwriting is considering setting up an overseas operation to ease the penetration of its products into new markets.
11 August 2006
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
Canopius withdraws from big-ticket PI
Private equity-backed Lloyd's insurer Canopius is to cease writing big-ticket UK professional indemnity (PI) business and will let two of its underwriters go.
18 October 2010
Falling interest rates creating legacy headaches
The squeeze on discount margins is hitting run-off owners and is likely to depress M&A portfolio values...
09 December 2008
QBE lifts profits as cat losses fall
Global specialty (re)insurer QBE lifted its first-half net profit by 13 percent to $760mn as catastrophe losses almost halved and investment income rose by a third.
17 August 2012
AIA ‘a bridge too far’ for UK Pru, says Greenberg
Prudential's failed $35bn bid to buy American International Group (AIG)'s Asian business, AIA, was "a bridge too far" for the UK life insurer, according to Maurice "Hank" Greenberg.
08 June 2010
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
US government says AIG bailout will cost taxpayers $50bn
The bailout of American International Group (AIG) at the height of the financial crisis will eventually cost the American taxpayer some $50bn, according to a US government forecast.
26 April 2010
Aon report highlights potential savings in property market
European multinationals could access more favourable terms and conditions on their property insurance if they shopped beyond their domestic market, according to a report published last week by broker Aon.
13 October 2003
UK contingency writers draw back post-loss
Contingency (re)insurance underwriters are shying away from weather-related event cancellation cover in the UK after a summer of heavy rain inflicted significant losses on carriers, sister publication Inside FAC reported.
23 July 2012
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