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Reserve releases trump 2011 cat losses at PartnerRe
Substantial prior-year reserve releases helped drag Bermudian reinsurer PartnerRe to a second quarter profit of $124.2mn despite a heavy cat toll and an upward adjustment in Q1 losses
02 August 2011
Former MD of QFC (re)insurance joins Kane
Fetooh Al Zayani, the former managing director of insurance and reinsurance at Qatar Financial Centre (QFC), has joined risk and insurance advisory group Kane.
17 May 2010
Asbestos strikes back
R&SA and Syndicate 45 sued by T&N; Hartford sued by Western MacArthur; and Chubb takes $625mn hit as claimants target non-product liability coverage.
01 November 2002
Cathedral reigns in 2010 expansion plans
Short-tail specialist Cathedral Underwriting has become the latest Lloyd's (re)insurer to rein in its 2010 expansion plans because market conditions are not as buoyant as initially expected.
28 September 2009
Lloyd’s Council elections sparks contest for Names’ votes
The upcoming elections for Lloyd's governing body, the Council of Lloyd's, has provoked a bitter contest between candidates seeking to represent the interests of Lloyd's Names.
05 January 2010
Novae capital restructuring receives court approval
Lloyd's (re)insurer Novae has secured High Court approval to fold its UK insurance company business into Syndicate 2007, potentially releasing up to £60mn in under-deployed capital.
27 September 2010
Ryan makes first acquisition
R-T Specialty, the wholesale arm of Pat Ryan's broking start-up, has made its first acquisition, picking up California-based wholesaler Chartwell Independent Insurance Brokers.
16 July 2010
Novae capital restructuring receives court approval
Lloyd's (re)insurer Novae has secured High Court approval to fold its UK insurance company business into Syndicate 2007, potentially releasing up to £60mn in under-deployed capital.
27 September 2010
AmWINS and RSG to give Aon 12.5% commission
AmWINS and Ryan Specialty Group (RSG) agreed to pay Aon a minimum of 12.5 percent commission on wholesale business before being appointed as its exclusive US partners, The Insurance Insider can reveal.
06 June 2011
P&C insurer profits face pressure from ‘QE-lite’ Fed package
The Federal Reserve's latest economic stimulus measures threaten to extend low interest rates and put further pressure on property and casualty insurers' profits, stockbroker Collins Stewart has warned.
11 August 2010
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