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Lloyd’s motor pain continues as Canopius predicts 2011 and 2012 losses
Despite UK motor rates climbing by 20-30 percent in the past year the recent Lloyd's motor pain is set to continue, with Canopius predicting further losses both this year and next on its specialist motor Syndicate 260
18 August 2011
Lloyd’s 2010 year projected losses widen during Q2
Lloyd's syndicates have widened their forecast losses for the 2010 year during the past quarter as disaster claims have increased.
18 August 2011
Aviva to consolidate UK businesses in major restructuring
Solvency II pressures have been cited by Aviva plc as the rationale for a complicated restructuring that will see the UK insurance giant consolidate its businesses into one principal UK general insurer and one London market vehicle.
17 August 2011
R&Q set to add Talbot URS yacht portfolio to MGA suite
Randall & Quilter (R&Q) is set to take the next step in building its fast-growing managing general agency (MGA) platform with a transfer of yacht business from Talbot Underwriting's London-based MGA, Underwriting Risk Services
17 August 2011
CelsiusPro weather cover targets UK builders’ breaks
Swiss Re and weather risk specialist CelsiusPro have launched a product to cover UK builders against the cost of halting work due to severe weather.
17 August 2011
‘First wave’ countries on track for SII equivalence
Insurance regulators in Bermuda, Japan and Switzerland are largely on track to meet criteria under the upcoming Solvency II regime, according to the European Insurance and Occupational Pensions Authority (Eiopa)
17 August 2011
CatVest targets oil spill ILS
The time is right for oil companies to approach the capital markets for spill insurance, say the executives behind a new company formed to bring spill liability bond issuances to market
17 August 2011
XL builds North American construction team
XL Insurance has expanded its North America construction team with six new hires
17 August 2011
New excess liability unit for Alterra UK branch
Alterra Europe has launched a facility to underwrite excess liability insurance from its newly licensed UK branch
17 August 2011
QBE’s 386 forecasts higher profits
QBE's hugely profitable Syndicate 386 has raised its forecast results for both the 2009 and 2010 years of account.
16 August 2011
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