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Reeth re-emerges at US P&C insurer Companion
Former Validus executive George Reeth has re-emerged in the sector as president of Companion Property & Casualty Insurance Group, part of BlueCross BlueShield of South Carolina.
02 September 2011
Flagstone unveils new recruits for Lloyd’s platform
Bermudian reinsurer Flagstone has announced four new hires for its Lloyd's platform, following a major reorganisation of its underwriting structure at its Bermuda HQ.
02 September 2011
Zenkyoren confirms $8.5bn quake loss estimate is too low
Zenkyoren has written to the reinsurance market admitting that its March earthquake losses will breach its original 650bn yen ($8.5bn) loss notification, as predicted by The Insurance Insider last month
02 September 2011
R&Q stays on track despite profits dip
R&Q, the UK-listed insurance services and run-off acquisitions group, said it is still on target to match analysts' full-year earnings expectations despite a fall in half-year profits
02 September 2011
Omega share price bounces following UK press coverage
Omega stock strengthened by 8.2 percent yesterday (31 August) as generalist news outlets issued unnamed source-based news stories on its takeover negotiations that coincided with the release of half-year figures showing that the business made a hefty loss of $49.1mn
01 September 2011
Reinsurers’ combined ratios to reach 108% in 2011
The brutal roll-call of catastrophe losses in the first half of the year will drag the reinsurance sector's average combined ratio to 107.9 percent in 2011, according to Fitch Ratings
01 September 2011
Airline insurance still a buyers’ market, says Willis
$250mn of hull losses during July will not be enough to change the sluggish status quo in the airline insurance market, explains global broker Willis
01 September 2011
Fresh Atlantic hurricane forecast to become Category 3
Tropical storm Katia has become the second event of the North Atlantic hurricane season and is expected to strengthen to a Category 3 storm by Sunday (4 September), the US National Hurricane Center (NHC) has said.
01 September 2011
Allied World launches Swiss (re)insurer
Allied World Assurance Company Holdings has officially launched its Swiss operating company as it looks to build a direct presence in the domestic market and use the platform to continue to grow its reinsurance book in Continental Europe.
01 September 2011
Marsh to buy Alexander Forbes broking business for $113mn
Global broker Marsh has agreed to purchase the brokerage business of South African firm Alexander Forbes for upwards of 808.7mn rand ($112.7mn), in a move that will bolster Marsh's African presence.
31 August 2011
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