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London News Digest - February 2005
In our regular News Digest, we round up key stories from the last month, presenting them to you in easily digestable snippets.
01 February 2005
Ex-Aspen exec Yeldham resurfaces at Aegis
Matthew Yeldham has re-emerged in EC3 as the new head of casualty at Aegis London.
08 June 2010
AM Best downgrades State Farm Florida over capital concerns
State Farm Mutual's Florida company has had its financial strength and issuer credit ratings cut by AM Best, highlighting ongoing concerns over the fragile capitalisation of the state's insurers.
09 August 2010
Aon and Willis continue revenue push from partner carriers
The growing use of management information platforms by global brokers as part of the placing process is increasingly being seen as a core source of organic revenue growth.
08 May 2012
MMS says Gulf damage could get worse
The Mineral Management Service (MMS) has said that the damage in the Gulf of Mexico caused by hurricanes Katrina and Rita could be worse than previously believed.
05 June 2006
Parametric US earthquake model launched
Modelling agency Risk Management Solutions (RMS) launched its new Paradex US Earthquake (PUE) parametric index for estimating insured losses from US quakes last week.
26 January 2010
Q2 winners and losers emerge from credit crunch shadow
As the remainder of the (re)insurance industry's second quarter results trickle through in the coming weeks, a clear distinction is emerging between winners and losers in the sector against the backdrop of a soft market and the deepening credit crunch.
11 August 2008
RBS Insurance makes £403mn profit
Royal Bank of Scotland's up-for-sale insurance division said operating profits leapt from £258mn to £403mn at the half-year stage although revenues were down slightly on business distributed by brokers and partners.
08 August 2008
Berkshire Hathaway buys run-off reinsurer Scottish Lion
Audley Gilroy-owned legacy (re)insurer Scottish Lion has been sold to Berkshire Hathaway in an unexpected deal that closed last night, The Insurance Insider can reveal.
28 April 2010
Aviation losses highest in history
Losses in the airline hull and liability market last year were the highest on record, excluding losses arising from 9/11, Willis said in its annual report on the sector.
26 January 2010
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