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Flagstone sale further thins Lloyd’s targets
ANV's pending acquisition of Flagstone at Lloyd's will again reduce the small collection of Lime Street businesses that are realistic takeover targets, further constraining the opportunities for would-be entrants to the market.
19 March 2012
UK shines as Groupama’s core results improve
Profit at Groupama's up-for-sale UK operations increased by 84 percent in 2011 as its troubled parent posted a recovery in core operating results.
19 March 2012
Canopius falls to first loss in 2011
Catastrophe losses pushed Lloyd's underwriter Canopius to its first loss last year - posting a net hit of £64mn.
19 March 2012
US reinsurer combined ratios rise steeply in 2011
The average combined ratio for US reinsurers deteriorated from 95.4 percent in 2010 to 107.2 percent in 2011 as last year's cat burden took its toll.
19 March 2012
Besso trims BP Marsh stake
Management at independent Lloyd's broker Besso Insurance Group has taken up an option to buy a 15 percent stake from interests associated with cornerstone shareholder BP Marsh.
19 March 2012
Primary insurers to retain early 2012 tornado losses
The active start to the US tornado and thunderstorm season is unlikely to have a significant impact on reinsurers, with primary insurers largely retaining the losses because of their high deductibles.
19 March 2012
Nelson broadside at SII implementation
Lloyd's chairman John Nelson has criticised the way Solvency II has been implemented and warned that it is one of the few threats to London's status as an international hub for specialist (re)insurance.
19 March 2012
$67bn Tepco lawsuit unlikely to hit international D&O market
A $67bn derivative lawsuit filed by shareholders of Tokyo Electric Power Co (Tepco) is unlikely to result in a major loss for international directors' and officers' (D&O) insurers, despite being the largest ever civil lawsuit filed in Japan
19 March 2012
Transatlantic execs pocket close to $30mn post-Alleghany
Transatlantic Re's executives are in line to receive $29.4mn of windfall payments connected with the company's sale to Alleghany, regulatory filings suggest.
19 March 2012
Berkshire Hathaway is ACR retrocessionaire
Opportunist carrier Berkshire Hathaway wrote the quota-share retro deal that helped preserve the loss-hit Asia Capital Re (ACR)'s crucial A- rating, The Insurance Insider understands.
19 March 2012
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