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Aviation sector makes a loss once again
Aviation insurers fell to a loss in 2010 as claims again broke through the $2bn barrier
20 January 2011
Metro crash authority sues Aon for negligence
The public authority that runs the Washington DC metro has sued Aon for negligence following a dispute spawned by a train crash in June 2009 that killed nine people and seriously injured a number of others
20 January 2011
RSA blames UK bad weather for profits warning
UK and international P&C insurer RSA has issued a profits warning ahead of its full-year results, as exceptionally cold UK weather in November and December added £110mn in unbudgeted additional claims costs
20 January 2011
Towers Watson UK broking arm posts ample profits
The UK reinsurance broking arm of New York-listed consultancy giant Towers Watson has filed 18-month accounts showing that it booked pre-tax profits of £15.8mn on revenues of just £57.9mn
20 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 has learned.
20 January 2011
Lloyd’s set to cut back aviation business in 2011
Aviation premium written in Lloyd's looks set to decline in 2011 as the aerospace market responds to a series of loss-making years, The Insurance Insider can reveal.
19 January 2011
Ward: Lloyd’s profitability a concern in 2011
Lloyd's is concerned that it 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.
19 January 2011
Platinum buys back $50mn of options held by RenRe
Platinum Underwriters Holdings has agreed to pay almost $50mn to rival RenaissanceRe to buy back share options that it awarded when it went public in 2002.
19 January 2011
Is Hiscox the new Amlin?
Lloyd's insurer Hiscox may have joined its much-vaunted peer Amlin as investors' Lloyd's insurer of choice, a new analyst note suggests
19 January 2011
NZ losses of silent Lloyd’s trio may top $100mn
Lloyd's (re)insurers Hiscox, Beazley and Brit can expect a combined $110mn hit from the New Zealand earthquake, Keefe Bruyette & Woods analyst Christopher Hitchings estimates
19 January 2011
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