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Ariel formally placed up for sale

Lloyd's reinsurer Ariel will be formally auctioned, with financial adviser Evercore appointed to handle the sale, The Insurance Insider can reveal.

Adam McNestrie, 01 March 2016
Atrium Syndicate 609 beats 2013 forecasts

Lloyd's carrier Atrium has beaten its forecasts for the 2013 year of account (YoA), posting profits of 15.9 percent of capacity for Syndicate 609.

Matthew Neill, 01 March 2016
UK Treasury begins ILS consultation

The UK Treasury is seeking feedback on its initial proposals for an insurance-linked securities (ILS) regulatory framework that it hopes will attract more ILS business to be domiciled and transacted in London.

Fiona Robertson, 01 March 2016
Latest Cathedral exits wipe £105mn off Lancashire market cap

Shares in London-listed short-tail specialist Lancashire fell by up to 9 percent this morning (1 March) in the wake of a raft of senior departures from its Lloyd's carrier Cathedral.

Matthew Neill, 01 March 2016
Direct Line 2015 operating profit beats analyst forecasts

UK personal lines insurer Direct Line Insurance Group generated a full-year operating profit of £520.7mn for 2015, beating analysts' forecasts by 6 percent.

Catrin Shi, 01 March 2016
JLT records organic growth of 2% as US buildout hits profits

JLT's risk and insurance division boosted its group organic growth result for full-year 2015 to 2 percent, but its profits fell 7 percent thanks largely to its US business investments.

Charlie Thomas, 01 March 2016
StarStone contributes to Enstar profit increase

Net income from Enstar's live underwriting platform StarStone more than trebled in 2015, contributing to a profit increase at its Bermuda-domiciled parent.

Dan Ascher, 01 March 2016
Hiscox shares slide 8% despite ‘solid’ results

Shares in Hiscox fell by more than 8 percent today (29 February) as investors appeared to react negatively to a lower dividend payout and ignore a solid set of results for the second half of 2015.

01 March 2016
Cathedral hit by three more senior resignations

Senior underwriters Mark Wilson, Simon King and Nicholas Destro have resigned from (re)insurer Lancashire's Lloyd's managing agent Cathedral, the company announced today (29 February).

29 February 2016
XL Catlin joins Lutine underwriting panel

Lutine Assurance Services, the life and protection arm of Ryan Direct Group, has signed an agreement with XL Catlin to write specialty life cover.

Charlie Thomas, 29 February 2016

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