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QBE named in Deepwater lawsuit
The Deepwater Horizon rig's lead insurer QBE has been placed in the legal firing line after the US Justice Department filed a civil lawsuit against BP and others over the oil spill
13 January 2011
Besso management moves agreed if LDC deal completes
Lloyd's broker Besso and its private equity bidder LDC have reached agreement on post-deal management arrangements that would see CEO Colin Bird and non-executive chairman Brian Marsh leave the business, The Insurance Insider understands
13 January 2011
Hiscox: I don’t want market to turn
The timing of a market turn is one of the standard conference debates along with the prevalence of M&A and the impact of Solvency II. It is normally just taken as a given that people want the market to harden on the back of a capital-destroying event. The debate is on the details.
28 February 2011
Comment: Don’t attack what you don’t understand
The problem with many US prosecutors' attacks on our industry since the aggression first unleashed by Eliot Spitzer in 2004 bore such spectacular fruit is that they have been so far wide of the mark.
07 February 2011
Admiral profit expands 26% but analysts question sustainability
UK motor insurer Admiral Group has announced record full-year profits for 2010 and an expanded share of its home market, but has faced scrutiny from analysts over its initial loss estimates and reliance on ancillary income
02 March 2011
Harris moves into Lloyd's as Ward unveils changes
The Lloyd’s Corporation has brought in David Harris, a senior representative of the G6 group of London market insurers, as the three-hundred-year-old Society agrees a number of changes to improve the service it provides.
27 November 2006
AIG takes $4.3bn credit line to lift it off US government support
American International Group has taken a further step towards loosening its reliance on the US government with a new $4.3bn credit facility.
29 December 2010
UK insurers’ ‘dirty secret’ back on the agenda
Referral fees paid in exchange for the details of potential bodily injury claimants are again under scrutiny just days after the UK government confirmed they would not be banned under its proposals to reign in civil litigation costs.
27 June 2011
Hartford considers break-up with P&C sale
Beleaguered US insurance giant Hartford Financial Services Group may be broken up, after reports emerged that it is seeking bids for its core property and casualty (P&C) insurance business.
23 April 2009
Admiral takes a second day of stock market pain
UK motor insurer Admiral has failed to bounce back from yesterday's (9 November) huge sell-off, with its share price falling a further 7 percent today
10 November 2011
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