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Tony Lovett departs RSG Europe
Senior executive Tony Lovett has parted company with RSG Europe, the expansive start-up managing general agency (MGA) and wholesale broking subsidiary of Ryan Specialty Group, The Insurance Insider has learned.
22 August 2011
News digest
Sails up at R&Q; Rule Britannia; Alterra branches out in UK; IAG motors into China; Greenlight promotes Hedges to CEO; XL Liberty sell PI to struggling legal firms; Hannover buys UK home MGA; XL builds construction team; Atrium Syndicates merge; AIG's Taiwanese pay-back; Builders insured for weather risk
22 August 2011
Torus to act as Montpelier sidecar after selling property cat rights
Torus will only write property catastrophe reinsurance business as a sidecar after agreeing a deal to sell the renewal rights on its portfolio to Montpelier Re.
22 August 2011
Buffett is doing Transatlantic Re a favour
Many expected Berkshire Hathaway's talks with Transatlantic Re to be short. After all, the sage doesn't do hostile and rarely - if ever - increases his first offer. His unsolicited approach earlier this month gave Transatlantic's board the luxury of one full working day to agree to his (impossible) terms.
22 August 2011
QBE's reinsurance boosts profit as fellow Australians prepare to report
QBE's underwriting profit would have been $217mn lower this year if it had been operating under its 2010 reinsurance programme, the firm said, as it announced a $673mn gain for the first half of 2011.
22 August 2011
Amlin CEO Philipps defiant in face of record losses
Amlin CEO Charles Philipps has insisted that nothing has "gone materially wrong" in the firm's business, attributing first-half losses of £192mn to the vicissitudes of the sector.
22 August 2011
Amlin tumbles to £192.3mn H1 loss
Amlin reported a half-year pre-tax loss of £192.3mn on catastrophe claims of £314.3mn, weeks after a profit warning led analysts to question its star stock status among Lime Street insurers
22 August 2011
Torus to act as Montpelier sidecar after selling property cat renewal rights
Torus will only write property catastrophe reinsurance business as a sidecar after agreeing a deal to sell the renewal rights on its portfolio to Montpelier Re
19 August 2011
Charles Taylor profit drops as run-off matures
London-based insurance services firm Charles Taylor Consulting reported a £2.6mn profit for the first half, down more than 50 percent from £5.7mn in the same period last year
19 August 2011
QBE buys more reinsurance as shares fall on profits downgrade
QBE took an extra $250mn in catastrophe losses in June to push total losses for the half-year over the $1bn mark
19 August 2011
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