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Novae stock leaps on legacy solution and profits guidance
Novae Group's share price climbed by almost 6 percent today (9 February) after the Lloyd's insurer confirmed plans to finally exorcise its past US casualty reinsurance liabilities and revealed that 2010 profits will be more than 10 percent above analysts' consensus forecast
09 February 2011
Steve Hearn lands Willis Re CEO role
Steve Hearn, currently the CEO of Willis' Faber & Dumas wholesale operation, is to become global CEO of the global broker's reinsurance brokerage Willis Re, The Insurance Insider has learned.
08 February 2011
Brown & Brown suffers 3.3% organic revenue fall in Q4
US retail and wholesale brokerage Brown & Brown registered a 3.3 percent decline in organic revenues in the final three months of 2010
08 February 2011
Flagstone Re takes extra $35mn Australia/NZ hit
Flagstone Re has disclosed an additional $35mn combined fourth-quarter catastrophe hit from the 2010 Queensland flooding and development of losses on aggregate covers from Australian and New Zealand cedants
08 February 2011
Terra Firma confirms Chaucer approach
Guy Hands' private equity vehicle Terra Firma has confirmed that it is weighing up a takeover bid for London-listed Lloyd's insurer Chaucer
08 February 2011
Aspen profits hit by NZ and casualty deterioration
Fourth quarter net and operating profits slipped at Aspen Insurance Holdings as deteriorating losses from the New Zealand earthquake hit its bottom line
08 February 2011
PartnerRe profit slides on cats and writedowns
PartnerRe has reported a slump in Q4 net profits as investment writedowns combined with catastrophe losses to hit its bottom line
08 February 2011
Beazley profits up 59% in 2010
Lloyd's insurer Beazley reported a 59 percent year-on-year rise in pre-tax profit to $250.8mn for 2010, boosted by a large contribution from reserve releases and a $33.7mn one-off foreign exchange gain
08 February 2011
Tawa targets US expansion with McArthur hire
Insurance services and run-off capital provider Tawa plc is upping its investment in the US as it looks to build out its platform through acquisitions, The Insurance Insider can reveal.
07 February 2011
Terra Firma in talks to buy Lloyd’s insurer Chaucer
Guernsey based private equity firm Terra Firma is in talks to acquire Lloyd's (re)insurer Chaucer plc, The Insurance Insider can reveal.
07 February 2011
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