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  • Lloyd’s insurer Brit announced bumper results for 2003 last week, with profits increasing seven-fold on the back of a more than 50 percent rise in gross written premiums.
  • A strong year in benign cat conditions has set Lloyd’s (re)insurer Omega up for expansion in 2007, as it looks to capitalise on its move to Bermuda and growth in its newly established US surplus lines insurer.
  • 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.
  • Paul Milton, the chairman of Aon Professional Risks (APR), is set to retire from the organisation as Aon restructures the division’s reporting structures.
  • Our monthly column keeping a check on recent US and EU legislative and regulatory developments, in association with Sidley Austin LLP
  • Lloyd's has issued proceedings against Aon over the broker's refusal to waive the statute of limitations concerning the Central Fund reinsurance dispute. The Corporation is preparing to enter the second phase of arbitration with Swiss Re and the other
  • ACE Ltd has finally received approval from the Pennsylvania insurance commission to spin-off some of its asbestos-riddled subsidiaries to the UK run-off company, Randall & Quilter Investment Holdings Ltd.
  • The Insurance Insider’s analysis of each quoted Lloyd’s insurer - some of whom were targeted by Capital - shows some are more ripe for consolidation than others... There are 14 quoted insurers - with a total market worth of around £3.8bn - that are eit
  • Bermudian ACE Ltd became the latest (re)insurer to benefit from an unexpectedly benign catastrophe environment as it revealed record 2006 operating income of $2.35bn, last week.
  • European giant Zurich Financial Services reported a 71 percent rise in its first quarter income, up to $1.39bn from $810mn in the prior-year period.