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Aviva stock falls 5% as placed on watch negative
London-listed insurer Aviva's share price fell 4.7 percent to 267.7p on 17 May, after a tumultuous day in which its proposed strategic review and interim management statement were poorly received by the market.
17 May 2012
Fitch gives qualified welcome to Lloyd’s Vision 2025
Ratings agency Fitch has said that the emerging markets strategy at the heart of Lloyd's Vision 2025 strategic plan is a net positive, albeit observing that it does carry additional risk.
17 May 2012
Japan's big three expected to reveal further Thai losses
Thai flood losses on the overseas per risk treaties of the Japanese big three (re)insurers have deteriorated still further, The Insurance Insider can reveal.
17 May 2012
DLA Piper hires Dewey's Hong Kong team
DLA Piper's Hong Kong office has hired two insurance, corporate and regulatory partners from beleaguered law firm Dewey & LeBoeuf, along with around three associates
17 May 2012
Hardy confirms halving of cat premium
Hardy Underwriting, currently being sold to CNA, cut its top line by 21.5 percent in the first quarter as it pulled back on catastrophe risk and exited other lines of business
17 May 2012
Aviva posts stable Q1 as CEO search looks set to drag
Aviva warned that its search for a new CEO to replace Andrew Moss could take the rest of the year as it released its first quarter interim management statement.
17 May 2012
Sale of BP Marsh stake values Hyperion at £165mn
BP Marsh & Partners has announced that its wholly owned subsidiary BP Marsh & Co Limited has sold 1,193,500 shares in international broking and managing general agency group Hyperion for £4,535,300 in cash
17 May 2012
Amlin expands top line 10%
Amlin increased gross written premiums by 10.5 percent over the first four months of the year to £1.44bn as trading conditions became "considerably more encouraging"
17 May 2012
IAG puts 'for sale' sign on loss struck UK business
Australian insurer IAG is considering selling its UK business as part of a strategic review of its underperforming unit, which has been ravaged by the challenging conditions of the UK motor market.
17 May 2012
Scor doubles its contingent capital coverage to EUR150mn
Global reinsurer Scor has doubled the amount of event-driven contingent capital it can draw down on in response to large natural catastrophe losses to EUR 150mn from EUR75mn.
17 May 2012
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