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Mitsui eyes UK expansion
Japanese firm Mitsui Sumitomo Insurance Co is considering following compatriot Tokio Marine’s example and expanding its London presence by buying an insurer within two years, according to reports.
02 December 2010
Hiscox adds to board
Specialty insurer Hiscox has added two new non-executive directors to its board - Richard Gillingwater and Bob McMillan.. </
02 December 2010
Qantas A380 loss pushes aviation claims to $2bn
Aon has reported that aviation insurers will fail to make a return for the fourth year running, with another airline loss in November that involved a Qantas A380 valued at almost $70mn
01 December 2010
Lloyd’s insurer Barbican approved to go it alone
Private equity backed Lloyd's insurer Barbican has now received approval to form its own Lloyd's managing agency, as predicted by The Insurance Insider earlier this month.
01 December 2010
Chaucer ups economic interests by 7.6% for 2011
Lloyd's insurer Chaucer will have a total economic interest of £707.2mn of capacity in the London marketplace for 2011, up 7.6 percent from its total £657mn stake this year.
01 December 2010
Endurance builds US surplus lines platform with binder unit
Endurance Specialty Holdings is looking to expand its distribution platform in the US surplus lines sector with the launch of a new contract binding authority unit.
01 December 2010
Bolt highlights 2011 business plan concerns
Lloyd's director of performance management Tom Bolt pledged to continue to keep a tight rein on underwriting as he highlighted concerns over churn of existing business between syndicates at lower prices in 2011.
01 December 2010
Insured cat losses top $36bn for 2010 so far
Insured losses from natural catastrophes and manmade disasters total $36bn in 2010 so far - up 34 percent on last year - according to Swiss Re's sigma team.
01 December 2010
AIG returns to capital markets with $2bn bond issue
American International Group (AIG) has returned to the capital markets for the first time since its government bailout in September 2008 with a $2bn bond issue.
30 November 2010
US reinsurers’ results deteriorate
US-based property and casualty reinsurers are writing less premium this year and their combined ratio is deteriorating, according to a survey of statutory underwriting results by the Reinsurance Association of America (RAA).
30 November 2010
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