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Amlin defends diversification strategy
Improving pricing in non-catastrophe lines would prove the value of Amlin's diversification strategy and enable the Lloyd's (re)insurer to take on more cat risk and grow profitably, the company's senior management has said.
20 September 2012
Tawa reports H1 loss of $6.5mn
Up-for-sale run-off acquirer and (re)insurance services provider Tawa reminded potential suitors that it remains a work-in-progress after reporting a first-half loss of $6.5mn
20 September 2012
Solvency II delay beyond 2014 likely as talks fail
Crucial talks amongst European politicians and civil servants to clear the way for the implementation of the regulatory regime Solvency II appear to have failed, making the scheduled 1 January 2014 start date increasingly unrealistic.
19 September 2012
Argo prices $125mn debt issue
Argo Group's US operation has priced a $125mn offering of five-year debt at a 6.5 percent coupon, the company announced
19 September 2012
White Mountains sues Allstate for trimming Esurance price
White Mountains is suing Allstate for allegedly lowering the final purchase price for Esurance inappropriately when the firm was sold to Allstate in mid-2011.
18 September 2012
Beazley closes £75mn retail bond issue
Lloyd's and international (re)insurer Beazley Group has closed its 5.375 percent UK retail bond at the top end of its expected £50mn-£75mn range, reflecting strong investor interest in the issue.
18 September 2012
RSG buys Direct Group to add to Jubilee platform
Ryan Specialty Group (RSG) has announced the acquisition of UK insurance services provider Direct Group for an undisclosed sum, to build on the platform of its specialist Lloyd's insurer Jubilee
18 September 2012
Amlin’s Syndicate 2001 downgraded
Amlin, the highest valued firm in The Insurance Insider's universe of listed global P&C (re)insurers, has had the rating on its flagship Lloyd's Syndicate 2001 downgraded by Moody's due to its poor performance in 2011.
18 September 2012
Doré follows new owner AmTrust into warranty business
AG Doré Syndicate 2526 will write around £5mn of extended warranty business in 2013 as it picks up one of the specialisms of new parent company AmTrust.
18 September 2012
S&P keeps Generali on negative creditwatch
Standard & Poor's (S&P) has said it will keep Italian insurer Generali and its subsidiaries on CreditWatch with negative implications on its A long term counterparty credit and insurer financial strength rating.
17 September 2012
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