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Lloyd's praises FSA's response to Solvency II delays
Lloyd's has welcomed the UK Financial Services Authority (FSA)'s approach on adapting to Solvency II policy uncertainty and is in talks with the regulator to adjust its timelines on the approval process in light of delays to the new regime
25 October 2012
Mapfre off creditwatch but negative outlook remains
Spanish international (re)insurance group Mapfre has been removed from Creditwatch with negative implications by ratings agency Standard & Poor's.
25 October 2012
Xchanging heralds £65mn market repository renewal
London and international technology and services provider Xchanging has announced that its Xchanging Ins-sure Services (XIS) London market joint venture has signed a £65.5mn five-year contract to continue providing the Insurers' Market Repository (IMR) to the market.
25 October 2012
Hurricane Sandy strengthens to Cat 2
Hurricane Sandy has intensified into a strong Category 2 storm prior to making landfall on the Cuban coast after crossing over Jamaica last night (24 October).
25 October 2012
Correction: Allied World and Southwest settle US property dispute
Allied World has settled its dispute with wholesale broker Southwest Risk over two US commercial property placements that soured, according to a statement from the broker
25 October 2012
Allied World and Southwest settle US property dispute
Allied World has settled its dispute with wholesale broker Southwest Risk over two US commercial property placements that soured, according to a statement from the broker.
25 October 2012
Axa reports rise in P&C revenues
Axa has declared a 4 percent increase in its P&C revenues to EUR22.2bn in the third quarter.
25 October 2012
Hiscox Syndicate 33 now set for 2010 profit
Hiscox plc is on course to turn a profit from its flagship Syndicate 33 for the 2010 year of account, which included the major international catastrophe losses of the first quarter of 2011
25 October 2012
Aspen in new $400mn share buyback programme after strong Q3
Aspen Insurance Holdings trounced Wall Street expectations on operating profits and unveiled a new $400mn share repurchase authorisation as it highlighted its strategy for effective capital management
25 October 2012
Everest Re outperforms despite crop losses
Everest Re continued the trend for (re)insurers outperforming on Q3 financials as it booked operating profits of $210.6mn, compared to $146.7mn in the prior-year period
25 October 2012
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