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Validus-Transatlantic talks continue after deadline
Takeover talks between Validus and Transatlantic Re have continued today (1 November) after their month-long standstill agreement expired last night
01 November 2011
RK Harrison to acquire Mercury West Associates
Independent (re)insurance broker RK Harrison Group (RKH) is set to buy Mercury West Associates (MWA), the specialist broker for high net worth (HNW) clients
01 November 2011
Price Forbes brings in Hurst-Bannister as non-exec
Lloyd's Market Association (LMA) chairman Barnabas Hurst-Bannister has been hired as an independent non-executive director at Lloyd's broker Price Forbes, The Insurance Insider can reveal
01 November 2011
Bolt defends Lloyd’s over UK motor losses
Lloyd's did its job adequately in assessing the plans of loss-making UK motor syndicates, according to director of performance management Tom Bolt
01 November 2011
Lancashire promotes Fascione
Lancashire has promoted Simon Fascione to chief underwriting officer of its Bermuda operation, Lancashire Insurance Company
01 November 2011
Xchanging appoints new chairman
UK outsourcing firm Xchanging has appointed Geoff Unwin as chairman to replace Nigel Rich from 2012
01 November 2011
UK broking trade bodies merge
The British Insurance Brokers Association (Biba) and the Institute of Insurance Brokers (IIB) have confirmed they will merge to make one industry trade body for UK general insurance brokers
01 November 2011
Allstate stays in black despite $1bn cat toll
US insurer Allstate has reported a $165mn profit for the third quarter, down 55 percent year-on-year, after recording $1.077bn in catastrophe losses
01 November 2011
Greenlight Re still in red on investment losses
David Einhorn's Greenlight Capital Re reported a $4.5mn net loss for the third quarter, compared to a $29mn net profit for the same period of 2010, as a steep fall in investment income dragged on the results
01 November 2011
$1.4bn cat losses push PartnerRe to $500mn 2011 YTD net loss
Bermudian reinsurer PartnerRe suffered a bruising $1.35bn of catastrophe losses in 2011, resulting in a net loss of $502.6mn for the first nine months of the year.
01 November 2011
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