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Lloyd’s readies for RMS V11
Lloyd's will not draw on the new RMS Version 11.0 hurricane model until 2013 when setting industry loss figures that the market could expect from a major disaster.
02 August 2011
Reserve releases trump 2011 cat losses at PartnerRe
Substantial prior-year reserve releases helped drag Bermudian reinsurer PartnerRe to a second quarter profit of $124.2mn despite a heavy cat toll and an upward adjustment in Q1 losses
02 August 2011
Validus launches new offensive against Allied World
Validus has launched a scathing new attack on Allied World, its rival in trying to secure the affections of Transatlantic Holdings shareholders
02 August 2011
Flagstone top line down as writes less, cedes more in Q2
Net written premiums were down 10.1 percent to $230mn in the reinsurance business of Flagstone Re as the company wrote less and ceded more in Q2 under a burden of heavy catastrophe losses.
02 August 2011
Gen Re four and Milton get AIG fraud convictions reversed
Former General Re CEO Ronald Ferguson along with three of his ex-colleagues at the Berkshire Hathaway subsidiary and AIG's Christian Milton have had their 2008 convictions over an allegedly fraudulent finite reinsurance transaction reversed on appeal.
01 August 2011
Gallagher to grow by bolt-ons in UK
Gallagher International intends to grow by bolt-on acquisitions in the UK, mirroring its successful US model, CEO Patrick Gallagher said in the firm's Q2 earnings call
01 August 2011
Torus in race to acquire Lloyd’s insurer
First Reserve-backed (re)insurer Torus and New York Stock Exchange-listed insurer Tower Group are in takeover talks with Lloyd's insurer Broadgate, The Insurance Insider can reveal
01 August 2011
Profits down at Xchanging
Operating profits fell sharply at Xchanging amid a major strategic action plan as the insurance segment continued to perform well
01 August 2011
Nat cats lift Hiscox combined ratio to 117%
Hiscox booked first-half pre-tax losses of £85.6mn as the spate of natural catastrophes inflicted heavy losses on its London market and Bermuda operations, inflating the group-wide combined ratio to 116.9 percent
01 August 2011
Lloyd’s reapplies for Florida approval
Lloyd's has resubmitted its application for permission to post reduced collateral requirements in Florida, The Insurance Insider can reveal.
29 July 2011
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