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Key Hannover solicitors’ PI underwriter departs
Ross Hood, one of the architects of Hannover Re's aggressive play in the UK solicitors' Professional Indemnity (PI) market, has left the company, The Insurance Insider can reveal.
23 May 2011
Tawa leads Whittington M&A shortlist
The leading Lloyd's turnkey provider Whittington Group has whittled down its list of potential acquirers to a final shortlist that includes the UK-listed run-off acquisition group Tawa and a private equity backed management buy-out
23 May 2011
Petrobras accident to cost offshore market $147mn
An accident involving a Petrobras-owned oil and gas vessel in the Gulf of Mexico looks set to land the offshore energy market with a new $147mn bill amid a series of bruising losses, The Insurance Insider can reveal.
23 May 2011
Beazley and Ryan agree deal following defections
Fresh from acquiring up-for-sale Lloyd's insurer Jubilee Group, the expansive US underwriter and wholesaler Ryan Specialty Group (RSG) has agreed a new partnership with Beazley Group.
23 May 2011
Marsh: energy market favours buyers despite global cats
With the notable exceptions of the US excess casualty and deepwater drilling and control of well segments, Marsh has said market conditions were favourable for most energy insurance buyers.
23 May 2011
What’s your ride?
The news that sidecars are being readied once more to slice through some of the prime hard crust currently sitting on top of the property cat retro market is unlikely to surprise anyone well connected to the sector.
23 May 2011
Shelf sidecars are the order of 2011
Lancashire's $250mn Accordion sidecar, launched last week, illustrates that the 2011 breed of sidecars have markedly different characteristics to the vintage marques of 2005-06 that emerged after hurricanes Katrina, Rita and Wilma.
23 May 2011
White Mountains confirms £66mn Lloyd’s start-up
Bermudian carrier White Mountains has confirmed that Lloyd's has granted it approval to establish a syndicate and start underwriting on 1 July
23 May 2011
Hiscox the latest to predict 2010 syndicate losses
Hiscox has announced that its flagship £1bn-capacity Syndicate 33 is expected to suffer a loss for the 2010 year of account
23 May 2011
Beazley and Ryan launch US joint venture
Fresh from acquiring up-for-sale Lloyd's insurer Jubilee Group, the expansive US wholesaler and underwriter Ryan Specialty has agreed a new partnership with Beazley Group
23 May 2011
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