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Lloyd's offers $1bn cover after FI captive collapse
Lloyd's marine and specie underwriters swiftly wrote a $1bn fraud and insolvency bond lineslip in mid-December, covering client investments of US broker-dealers in the depths of the financial crisis, The Insurance Insider has learned.
04 February 2009
Ironshore to make US casualty play
Ironshore Insurance Ltd, the $1bn Bermudian insurer formed by father-and-son team Bob and John Clements at the back end of last year, is on the verge of launching a US platform, The Insurance Insider can reveal.
11 May 2007
Buffett returns again to succession issue; Jain praised
You don't need good hand-eye coordination or well-toned muscles to push money around, points out Warren Buffett, but the fact that the combined age of his and his fellow managing partner Charlie Munger is 163 years, meant the Sage once again addressed the
02 March 2009
Xchanging shares tumble on CEO departure and profits warning
The founding CEO of Xchanging David Andrews has resigned with immediate effect, sending the firm's shares into freefall this morning (9 February).
09 February 2011
Marine ILW buyers struggle for low-end cover after Deepwater
Underwriters looking to top up protection for marine and energy portfolios in the wake of Deepwater Horizon are struggling to find affordable cover at the lower end of the industry loss warranties (ILW) market.
26 July 2010
S&P calls for cycle management in turning reinsurance market
Ratings agency Standard & Poor’s (S&P) has warned reinsurers to hold firm when balancing demand from clients, brokers, and shareholders to sustain underwriting volumes, with the need to cut exposures as rates potentially drop off across a number of lines
07 June 2004
Compensation culture bites
"Other ministers bring me problems," Margaret Thatcher once said. "David Young brings me solutions."
08 March 2011
Spiller resigns from Benfield
David Spiller has resigned from his position as CEO of Benfield Group's International Division, the company announced in a statement to the London Stock Exchange this morning (7 July).
07 July 2005
The rise of the post-Katrina Sidecar
Sidecars may have been around before last year’s trio of devastating hurricanes, but the trend to set up such vehicles was taken to a new level as (re)insurers looked to offload risk from balance sheets damaged by heavy losses and under the scrutiny of...
04 May 2006
Counting the Klaus cost
Upper estimates of insured losses from Windstorm Klaus, which swept across southern France and northern Spain on 23-24 January leaving a trail of destruction, are as high as EUR2.5bn for each country...
04 February 2009
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