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P&I clubs hold to modest 2011 increases
Improved balance sheets and more stable claims conditions for the shipping industry's protection and indemnity (P&I) clubs has ensured that hard-pressed shipowner members face only small general premium increases at the 2011 renewals.
15 November 2010
Lonmar defeated in London poaching dispute
A UK High Court has found against Lonmar Global Risks and in favour of rival London market broker Tysers in an acrimonious poaching case.
15 November 2010
Appel leaves Aon Corp
Aon's chief operating officer Andrew Appel - the former management consultant who masterminded the integration of Aon Re and Benfield Group - is leaving at the end of the year, only seven months after starting the new role.
15 November 2010
Nat cats fail to hold back Hannover Re
Hannover Re has increased its full-year earnings forecast after profits grew 66 percent to EUR271mn in a stronger-than-expected third quarter despite "appreciable strain" from natural catastrophe events.
15 November 2010
Munich Re moves on $20bn offshore energy consortium amid profit upgrade
Munich Re has confirmed it will push ahead with ambitious plans to form a $20bn liability limit offshore energy consortium with global brokers, as it unveiled a 2010 profit forecast upgrade following a strong third-quarter performance.
15 November 2010
Aspen speeds up share buybacks; $20mn NZ loss
Bermudian reinsurer Aspen Insurance Holdings has picked up the pace of share buybacks through a $184mn repurchase programme with Barclays Capital.
15 November 2010
Ri3K founder paid £40 for 10 years’ work
Staff shareholders in technology firm Ri3k are to receive just £0.00002 per share from successful bidder Qatarlyst - leaving founding CEO Alex Letts with a payout of just under £40 for his stake in the firm.
15 November 2010
Attention on capital as Chaucer prepares to unveil strategy
Chaucer's 2011 capital base is expected to come under the spotlight later this week, when it unveils its new senior management's thinking in an update on corporate strategy.
15 November 2010
Catlin looks beyond London for growth
Catlin Group experienced a slight fall in nine-month volume at its core London division and growth in its international operations.
15 November 2010
Novae IMS gets thumbs up from analysts
The interim management statement (IMS) published by Novae last week provided a further update on the company's strategic reorientation plan and met with the approval of analysts.
15 November 2010
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