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Ryan Specialty launches construction MGU
Ryan Specialty Group has continued to build out its operations with the launch of a managing general underwriter for complex construction and property risks, Technical Risk Underwriters (TRU).
24 January 2011
BMS to launch new financial lines division
Independent London market broker BMS is poised to launch a new financial lines division later this year, The Insurance Insider can reveal.
24 January 2011
Guy Carpenter sets up Iberian fac team
Guy Carpenter has hired a trio of new executives to form the core of a dedicated facultative team that will serve Spain and Portugal.
24 January 2011
Tower grows mid-market with Navigators renewal rights deal
US insurer Tower Group has built out its book of business with the acquisition of renewal rights on a portfolio underwritten by Navigators Group.
24 January 2011
Navigators takes $9.2mn Deepwater charge
Navigators Group will take a 2010 fourth quarter charge of approximately $9.2mn after tax, the New York-headquartered firm revealed last week.
24 January 2011
Catlin buys US admitted shell from QBE
London-listed (re)insurer Catlin Group has continued to build-out its US platform with the acquisition of a Wisconsin-domiciled admitted lines shell company from QBE for an undisclosed sum.
24 January 2011
Berkshire Hathaway dividend prospects spark debate
Financial magazine Barron's has focused attention on giant conglomerate Berkshire Hathaway by speculating that the company might break its 45-year run of withholding dividends.
24 January 2011
Ward warns of Lloyd’s profitability concerns in 2011
Lloyd's is concerned that the market will struggle to maintain profitability in 2011 as it wrestles the twin challenge of falling rates and diminishing investment yields, according to CEO Richard Ward.
24 January 2011
Everest Re parts company with UK branch chief
Bermudian reinsurer Everest Re has parted company with Tom Jackson, the general manager and chief underwriting officer (CUO) of its London branch office, The Insurance Insider can reveal.
24 January 2011
Marine and aviation (re)insurers spared by Iran sanctions regime
Marine and aviation (re)insurers are unlikely to face significant disruption from the European Union's sanctions against the Iranian regime, according to a Lloyd's market circular.
24 January 2011
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