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Dale syndicate gets Lloyd’s green light
Dale Underwriting Partners, the start-up led by former Amlin London managing director Duncan Dale, has received the final go-ahead to write business at Lloyd's from 1 January, it said yesterday (28 November).
29 November 2013
First female Lloyd’s CEO: not hot air
Tomorrow (30 November) marks the official end to an uneventful 2013 US hurricane season. And meteorologists struggling to explain why it was such a damp squib may blame a formation of "next CEO" hot air over Lime Street for hampering Atlantic weather movements this year.
29 November 2013
Stronger investment returns will lag interest rate rise: Swiss Re
Swiss Re's chief economist Kurt Karl said interest rates should return to normal levels by the end of 2016 but warned that (re)insurers will have to wait longer to see an improvement to their investment income.
28 November 2013
Peak Re appoints CFO
Hong Kong-based Peak Re has announced the appointment of Cathy Chen as chief financial officer at the start-up Asian regional reinsurer
28 November 2013
Q-Re recruits Gulf Re ex-CEO
Q-Re, the reinsurance arm of Qatar's state-backed insurer, has appointed the former chief executive of rival reinsurer Gulf Re, Michael Gertsch, as its global head of facultative reinsurance
28 November 2013
RSA Ireland CEO quits
Philip Smith, the head of UK general insurer RSA's troubled Irish unit, has resigned less than three weeks after accounting irregularities at the business forced its parent to issue a shock profit warning.
28 November 2013
VIG profit slumps on Italy and Romania losses
Vienna Insurance Group (VIG), the Austrian composite insurer with a focus on Eastern Europe, reported a near-30 percent slump in its nine-month profit following heavy losses at its Romanian and Italian businesses
28 November 2013
Hyperion chairman to step down in December
Hyperion Insurance Group has announced that its non-executive chairman, John van Kuffeler, will retire from its board in December 2013.
27 November 2013
Tower Bermuda unit faces capital shortfall
Troubled US insurer Tower Group is in talks with Bermudian regulators about a partial combination of its two reinsurance subsidiaries on the island after one of them dropped below its minimum capital threshold.
27 November 2013
UK broking industry still fragmented, says IMAS founder
Despite the well-documented spate of consolidation among UK brokers over the past decade, the industry still remains "remarkably" fragmented, Olly Laughton-Scott, founder of corporate broker IMAS, told a Lloyd's audience yesterday (26 November).
27 November 2013
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