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  • Stephen Catlin has called for the doors to be barred to new Lloyd's entrants next year as existing syndicates struggle with softening rates and overcapacity.
  • Dublin-based insurers RSA Insurance Ireland, Aviva Insurance Europe and Allianz Plc have been placed on credit watch with negative implications by ratings agency Standard & Poor's
  • Lloyd's takeover target Hardy Underwriting has unveiled plans for a 7.5 percent third-party capital participation in its flagship Syndicate 382 and told shareholders it will launch a buyback programme if Beazley withdraws its bid for the firm.
  • Stephen Catlin, CEO of the eponymous insurance group, has called for debate on the role of Lloyd's in the current market environment, asserting that the Society has some hard decisions to make.
  • The advent of Solvency II at the start of 2013 could bring an end to the soft market, according to Scor Group CEO Denis Kessler.
  • "Be kind to your shareholders and they will be kind to you," was the message from Jupiter Asset Management director Tony Nutt at a panel discussion on capital in the property and casualty sector at today's (25 November) Xchanging London Market Conference.
  • London's leading position in the global (re)insurance market is "ours to lose" over the course of the soft market, according to Richard Ward, CEO of Lloyd's.
  • Operating profits climbed by 17 percent at Lloyd's (re)insurance broker RFIB to reach £3.5mn in the 12 months to 30 June, although adjusted pre-tax profits were flat year-on-year.
  • Apollo-CVC consortium Achilles has pledged to keep the Brit Insurance workforce intact and made a range of other reassurances as shareholders weigh up its £888mn bid.
  • IPCRe founder Jim Bryce has launched Aliseo Re, a new $300mn fully collateralized retro vehicle focusing on property catastrophe business.