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Slow trading at Lloyd’s capacity auctions
The total volume of capacity traded in Lloyd’s auctions ahead of the 2009 year was the lowest since the process was introduced in 1995, according to members’ agent Argenta Private Capital.
07 October 2008
Lloyd's refuseniks face bankruptcy after another defeat
Around 30 Lloyd's Names face bankruptcy after losing a key court case last month over claims that they had been misled over reinsurance to close (RITC) which means Lloyd's syndicates take up business from prior years.
07 July 2008
AIG investigated over credit default swap valuation
American International Group Inc (AIG) is being investigated by the Securities and Exchange Commission (SEC) over its valuation of contracts linked to sub-prime mortgages, according to reports.
06 June 2008
Marsh goes nuclear
Marsh has formed an international practice for all nuclear clients based outside North America, in an attempt to capitalise on the renewed global appetite for nuclear energy.
14 June 2010
London News Digest - April 2004
In our regular monthly News Digest, we round up key stories from the last month, presenting them to you in easily digestable snippets.
01 April 2004
Catlin takes US aviation book from XL
Catlin's admitted US carrier, Catlin Insurance Company Inc, is to replace XL Insurance as the carrier for US general aviation managing agent W Brown & Associates Insurance Services (WBAIS), The Insurance Insider can reveal.
09 February 2009
Tawa moves into credit with $15mn Island Capital deal
Run-off investor and service provider Tawa has bought Island Capital, the Bermudian trade credit and political risk insurer in run-off, for a consideration "unlikely to exceed" $15mn.
20 August 2010
S&P upgrades Hiscox Insurance
Ratings agency Standard & Poor’s (S&P) has upgraded Hiscox Group’s UK non-life insurance subsidiary Hiscox Insurance Co Ltd to A with a stable outlook, on the back of strong operating performance.
01 December 2008
Latest Madoff suit opens up potential new exposure for insurers
A class action lawsuit filed on 12 February under the US Employee Retirement Income Security Act (ERISA) has potentially opened up a new avenue for Madoff-related losses in the insurance industry.
23 February 2009
Benfield shares slip as Numis slashes target price
Shares in Benfield Group fell this morning after Numis Securities slashed its target price on the reinsurance broker amid revenue concerns.
24 September 2007
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