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Supermerger draws to close as shareholders back deal
Significant steps were taken last week on the road to creating the second largest US commercial lines insurer as the St Paul Travelers super merger moved closer to reality.
23 March 2004
Inside News
European reinsurers battered by storms. Eight sum insured losses of over US$1bn in 1999 have contributed to making the results of European reinsurance companies some of the worst ever. The year was notable for having the highest frequency of natural d
01 June 2000
AXIS powers ahead with rapid US growth
Hot on the heels of its successful float on the New York Stock Exchange, Bermudian AXIS Holdings has reported continued strong performance for the first six months of the year.
18 August 2003
GoshawK posts better results
But viaticals and bail bonds continue to pose questions... GoshawK has announced a post-tax $3mn loss for 2004 in its full year results – with claims of $40mn from Q3 hurricanes and other catastrophes blamed as the main reason for the losses.
14 March 2005
London takes further steps towards integration
Just as Lloyd’s relinquishes its regulatory reigns over the market’s producers, it jointly proposes a radical shake up of the London market’s business standards with the IUA and LIBC. Although the measures have generated heated debate, the principles b
01 June 2000
Lloyd’s confirms Ward as new chief executive
As first revealed by The Insurance Insider on 6 February, Lloyd’s has chosen the former head of the International Petroleum Exchange (IPE) Dr Richard Ward as its next chief executive following the departure of Nick Prettejohn at the end of last year.
15 March 2006
AM Best downgrades Hannover Re to A
The downward ratings migration of major reinsurers continued last week with the AM Best reduction of Hannover Re’s financial strength rating to A from A+.
03 November 2003
Trenwick withdraws from aviation as MBO imminent
Trenwick Managing Agency announced last week that it had stopped writing aviation business “with immediate effect”. The firm, which is set to announce a management buyout from its distressed parent Trenwick International later this week, explained in a ma
07 July 2003
Aon 77 reinsurers wait for day in court
Litigation over the collapsed Aon 77 energy lineslip has been adjourned for four weeks because of last-minute amendments to the reinsurers’ case. The legal battle had been scheduled for early November but is now due to be heard in court 21 on 1 Decembe
01 November 2003
Nikko confirms breakdown of GoshawK talks
The mooted takeover of GoshawK, the UK listed owner of Rosemont Re, has been ruled out by Nikko, the Japanese private equity firm which was given a deadline of 23 November to make firm its declaration of interest.
22 November 2004
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