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NKSJ forecasts net Thai loss of $390mn
NKSJ, the Japanese big three insurer with the smallest net exposure to the Thai floods, has forecast net losses of 30bn yen ($390mn) in its half-year results.
18 November 2011
China Re to launch Catlin Lloyd's QS syndicate in 2012
State-owned reinsurer China Re will become the first Chinese company to invest directly in Lloyd's after Catlin revealed that it is to provide the capital for a second new £50mn quota share syndicate
18 November 2011
Marsh agency arm buys $24mn Florida firm
Broking giant Marsh has continued to build out its national agency platform with the acquisition of Seitlin Insurance, a South Florida-based firm that generates around $24mn in annual revenues.
18 November 2011
MAP upgrades syndicate forecasts
Lloyd's (re)insurer Managing Agency Partners latest profit forecasts for its Syndicates 2791 and 6103 have shown an uptick in profitability for the well-regarded names-backed outfit.
17 November 2011
Nelson: market modernisation is imperative
The Lloyd's market is still "significantly behind the curve" on the competitiveness and efficiency of its systems and market modernisation is imperative, said new chairman John Nelson
17 November 2011
South of England P&I club faces liquidation hearing
A Bermuda-based protection and indemnity (P&I) club will be fighting for its life tomorrow (18 November) as it heads to court to challenge a provisional liquidation order
17 November 2011
Lloyd’s asks Singapore writers for Thai loss return
The Lloyd's franchise performance directorate has asked all Lloyd's managing agents on the ground in Singapore to submit estimates of their loss exposures from the ongoing flooding in Thailand, The Insurance Insider understands
17 November 2011
Kiln syndicates suffer 9% deterioration on 2010 YOA
Kiln has released new forecasts on its non-aligned syndicates for the 2010 year of account that show mid-point losses increasing by 9.3 percent to £92.1mn
17 November 2011
Amlin confirms $83mn H1 loss creep
Amlin has become the latest (re)insurer to confirm significant loss creep on first half catastrophes
17 November 2011
Alterra upgraded to A by S&P on post-merger strength
Alterra Capital's core subsidiaries have been upgraded from A- to A by Standard & Poor's as the ratings agency said the company had benefited from the larger platform and diversified earnings stream created out of the merger between Max Capital and Harbor Point in May last year.
17 November 2011
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