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ERS Syndicate 218 Solvency II readiness upgraded
ERS (formerly Equity Red Star) Syndicate 218's status has improved from "red" to "amber" under the Lloyd's traffic light system of Solvency II preparedness.
Jenny Messenger
,
10 November 2014
Eckert withdraws Linear Re launch plan
Former Brit Insurance CEO Neil Eckert has withdrawn his plans to launch an aviation and marine managing general agency (MGA) with market veteran Brian Gulbransen, The Insurance Insider can reveal.
Adam McNestrie
,
10 November 2014
Cunningham Lindsey has London targeted in TPA push
Private equity-owned loss adjuster Cunningham Lindsey is targeting the London market through its third party administration (TPA) claims platform, its executive chairman and former Lloyd's CEO Richard Ward has explained.
Charlie Thomas
,
10 November 2014
News digest
Tobin becomes ARS chair; Hiscox cuts back; Tokio Marine Kiln rebrand; Equinox expands; Miller posts organic growth; Admiral down; Swiss Re profits; ABI whiplash; Third Point Reshuffle; New Equitas CEO; Cyber collaboration; Novae hires Lu; Argo launch; Canopius hires; Markel appoints
10 November 2014
PPL verdict on London electronic platform by year-end
Placing Platform Ltd (PPL), the market body tasked with commissioning an electronic placing platform for the London market, is expected to recommend a winning bid to its constituent boards by the end of the year, The Insurance Insider has learned.
Mark Geoghegan
,
10 November 2014
Pine River Re launch slows as AM Best talks continue
Pine River Re is still bogged down in discussions with AM Best in its bid to secure an essential A- rating several weeks after a crunch meeting with the agency that was expected to deliver a verdict on the start-up's application, The Insurance Insider understands.
David Bull
,
10 November 2014
We’ve shown we’re big, now what do we want?
In nature, when an animal is threatened by a predator a common tactic is for the creature to rear up to its full height and issue a cry at the top of its lungs. Normal 0 false false
Mark Geoghegan
,
10 November 2014
40% of London business vulnerable to international competition
At £45bn+, London is almost twice the size of Bermuda - its nearest competitor market. But it is facing growing competition from both established and new competition...
Jenny Messenger
,
10 November 2014
Berkshire Hathaway insurance revenues climb on Liberty APH deal
Berkshire Hathaway's insurance operations reported a 32 percent increase in revenues to $13.6bn in the third quarter, driven primarily by Berkshire Hathaway Reinsurance Group (BHRG), the firm said in its Q3 results announcement late last week.
10 November 2014
Everest Re prices up largest retro cat bond
Everest Re is set to close its new Kilimanjaro Re cat bond at $500mn, which would top its previous record for the largest ever insurance-linked securities (ILS) transaction completed by a reinsurer, sister publication Trading Risk has reported.
10 November 2014
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