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'Boutique' energy broker Alesco launches
Arthur J Gallagher International’s new joint venture onshore/offshore "boutique" energy subsidiary has begun trading as Alesco Risk Management Services, as predicted by The Insurance Insider.
09 June 2008
Scruggs faces disbarment
Richard Scruggs, the lawyer who successfully fought the tobacco companies in a series of class actions, is facing disbarment from the Mississippi Bar Association after pleading guilty to bribing a judge.
25 March 2008
SVB plans to ring-fence US losses
Lloyd's insurer aims to exorcise US casualty spectre in bid to avoid run-off The Lloyd's insurer SVB Holdings Plc is working on a restructuring package that would ring-fence the group from its devastating US casualty exposures, The Insurance Insider c
01 February 2005
IPC join fellow Bermudians in black
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.
25 October 2006
Head of Lloyd's China to step down
The head of Lloyd's China, Ian Faragher, is to step down after two years in the role, The Insurance Insider can reveal.
14 April 2008
Solid profits for Berkley on investments and Chile miss
WR Berkley delivered $119mn of net income in Q1, reversing its deficit of the previous year, after making investment gains and avoiding significant losses from the Chilean earthquake and Windstorm Xynthia.
27 April 2010
Lancashire passes cat tests to quadruple profits
"Class of 2005" insurer Lancashire Holdings Ltd says it has completed the transition from start-up to specialty global insurer by passing recent catastrophe tests to post a hike in half-year profits.
06 August 2007
Munich Re leads innovative $110mn CCRIF programme
Munich Re has led an innovative $110mn reinsurance programme for the World Bank-sponsored Caribbean Catastrophe Risk Insurance Facility (CCRIF), which went on risk for 16 countries in the region on 1 June.
04 June 2007
Amlin Bermuda upgraded to A; Syndicate 2001 upgraded to A+
Amlin Bermuda (ABL) has been upgraded to A (Excellent) from A- (Excellent) by ratings agency AM Best after “conservative implementation” of its business plan and a strong performance from the group’s Lloyd’s syndicate.
23 October 2007
Obama 2011 budget looks for tax and terror clawbacks
The 2011 US budget, published at the beginning of the month, includes proposals to disallow tax deductions for excess reinsurance premiums paid to affiliates offshore, as well as...
10 February 2010
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