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FSA publishes regulatory fees
The Financial Services Authority (FSA) has published its final fees and Financial Ombudsman Service levies for UK regulated firms for 2007 and 2008.
04 June 2007
BMA CEO swaps Bermuda for Ireland
Matthew Elderfield, the current CEO of the Bermuda Monetary Authority (BMA), is to step down at the end of the year to take up the post of director of financial regulation at the Central Bank of Ireland.
19 October 2009
Asbestos reserve pushes Everest Q4 combined ratio to 108.4 percent
Bermudian reinsurer Everest Re reported a 21-point deterioration in its combined ratio, to 108.4 percent for the final quarter of 2007, owing largely to the $311.2mn asbestos charge announced in January.
31 January 2008
IPC bounces back with strong quarter
IPC Holdings joined its fellow Bermudian reinsurers by bouncing back from last year’s record third quarter losses and posting a profit this year, it reported on 24 October.
30 October 2006
Sullivan departure sparks AM Best downgrade
Rating agency AM Best has downgraded the issuer credit ratings of American International Group (AIG) just days after the insurance giant announced CEO Martin Sullivan's resignation.
18 June 2008
Allianz confirms 10 percent stake in broker consolidator Oval
Allianz continued its strategic stake-building in the UK distribution chain this month, with confirmation that it has acquired a 10 percent minority share of Yorkshire-based broker The Oval Group, as predicted by The Insurance Insider in September.
07 November 2007
Professional and financial lines head for soft market trough: survey predicts
As softening continues in the professional indemnity (PI), directors’ and officers’ (D&O) and financial institutions (FI) insurance markets, premium rates could soon head towards levels seen in 1999 and 2000 – the trough of the last soft market – accordin
22 November 2007
Munich Re to buy back a further EUR2bn shares
Munich Re has announced a widely anticipated expansion of its capital management programme, with plans to buy back more than EUR5bn shares by 2010 as it targets average rises in earnings per share of 10 percent through the period.
04 May 2007
QQS on the way out? - Tolle gets tough on Qualifying Quota Share reinsurance
With the recent news that the Lloyd's Franchise Board is considering cutting Qualifying Quota Share (QQS) allowances to 10 percent of stamp, managing agents are being forced to reconsider their business plans and capacity requirements. Currently, 2003
01 June 2003
Bermudians offer contrasting outlooks
Contrasting pictures were painted by late reporting Bermudian (re)insurers – depending on their vintage.
30 May 2008
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