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Admiral trades down after competition inquiry announced
UK motor insurer Admiral closed down 3 percent on Friday (28 September) after the UK Office of Fair Trade (OFT) referred the motor insurance sector to the Competition Commission
01 October 2012
Lemma Europe in liquidation
Lemma Europe Insurance Company has been placed in liquidation after its Ukrainian sister company failed to honour its reinsurance agreements with the Gibraltar based firm
28 September 2012
Marketform appoints chief risk officer from Jubilee
Lloyd's insurer Marketform has announced that Veekash Badal will join the firm as chief risk officer on 1 October
28 September 2012
Nigel Hanbury to join Hampden Underwriting as CEO
London-quoted minnow Hampden Underwriting plc has unveiled Nigel Hanbury as its new CEO
28 September 2012
Argo debt offering given bbb rating by AM Best
AM Best has assigned a bbb debt and issuer credit rating to the $143.75mn of 6.5 percent senior unsecured notes issued by Texas-based Argo subsidiary Argo Group US.
28 September 2012
UK motor insurance industry probe could threaten Direct Line IPO
The UK Office of Fair Trade (OFT) has referred the domestic private motor insurance industry to the Competition Commission (CC), a move that could scupper plans for Direct Line's IPO, analysts have warned.
28 September 2012
US regulators to choose risky non-bank firms
The US Financial Stability Oversight Council (FSOC) will meet today (28 September) to discuss the third stage of choosing which non-bank entities will be branded potentially risky to the financial system
28 September 2012
The Hartford to sell individual life unit to Prudential for $615mn
The Hartford has agreed a deal to sell its individual life insurance business to Prudential Financial for $615mn cash in a deal that frees up net statutory capital of $1.5bn.
28 September 2012
2011 quake burden for Top Layer Re hits $413mn
RenaissanceRe and State Farm joint venture Top Layer Re took a combined hit from the New Zealand and Japanese earthquakes of $412.5mn, according to a note from ratings agency Standard & Poor's.
28 September 2012
Hiscox poaches senior Jubilee liability underwriter
HIscox has hired senior liability underwriter Miriam Goddard from Jubilee Managing Agency, marking yet another transfer within the fluid London liability market, The Insurance Insider understands.
27 September 2012
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