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Equity Red Star renamed ERS
Lloyd's motor insurer Equity Red Star today (22 April) renamed itself ERS as part of a rebranding exercise aimed at drawing a line under its troubled past
22 April 2014
R&Q says 2013 profit down 17 pct
London-listed legacy to live insurer Randall & Quilter today (22 April) reported a 17 percent drop in its 2013 profit, reflecting weaker than expected returns from its investment in active Lloyd's syndicates.
22 April 2014
US P&C sector makes first underwriting profit since 2007
The US P&C insurance industry made an underwriting profit for the first time since 2007 last year, according to data from Verisk Analytics' ISO unit and the Property Casualty Insurance Association of America (PCI).
22 April 2014
UK motor insurance produces best UW results since ‘06
The UK motor insurance sector delivered its best underwriting results since 2006 last year buoyed by an increase in reserve releases, but premiums may still have to be raised if legislative changes don't deliver, according to Ernst & Young.
22 April 2014
Endurance accuses Aspen of distorting Charman Lloyd’s stance
Endurance has accused Aspen of trying to distort comments from its chairman and CEO John Charman about his position on Lloyd's as the war of words between the two Bermudians deepens.
22 April 2014
AmTrust restructures Tower transaction
AmTrust Financial Services and National General will no longer be acquiring any of Tower Group's US domiciled insurance companies in connection with the ACP Re transaction to buy out the ailing insurer.
18 April 2014
Endurance: Aspen board has 'disdain' for shareholders
Endurance has fought back against Aspen's adoption of a so-called ‘poison pill' by accusing its fellow Bermudian's board of entrenching itself and showing "clear disdain" for shareholders.
17 April 2014
Aspen looks to ward off Endurance with poison pill
Two days after rejecting Endurance's $3.2bn hostile takeover bid, Aspen has turned to a so-called ‘poison pill' strategy that attempts to make its stock less attractive to a buyer.
17 April 2014
Marine market braces for $140mn Korean ferry loss
The 16 April South Korean ferry disaster, which has left almost 300 people unaccounted for, is expected to generate a total loss of just over $140mn, The Insurance Insider can reveal
17 April 2014
RSA in £300mn Eastern European sale
UK insurer RSA has announced this morning (17 April) the sale of its Baltics and Polish businesses to the Polish insurer PZU through four separate transactions
17 April 2014
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