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London reins in D&F capacity
A number of Lloyd's insurers are reining in capacity amid falling prices, despite excess capacity in most market lines.
15 November 2010
Hardy predicts New Zealand rates will rise after quake
Hardy Underwriting took the highest proportional loss on the New Zealand earthquake of the international reinsurers to report to date, with its £10mn hit representing nearly 7 percent of its mid-year shareholder equity.
15 November 2010
New model increases Texan PMLs
Changes to Risk Management Solutions' (RMS) US hurricane model set for release in February 2011 could increase outputted average annual loss (AAL) figures by 25-30 percent for (re)insurers, The Insurance Insider can reveal.
15 November 2010
QBE tests market resolve with $1.3bn multi-year reinsurance programme
QBE Insurance is attempting to buy a giant $1.3bn, multi-year global reinsurance programme that will test the state of the market as the key 1 January renewal date approaches, The Insurance Insider can reveal.
15 November 2010
Bermuda cat fund aims for London IPO
CatCo, the aspiring catastrophe reinsurance fund, is hoping to raise sufficient capital to list on the London Stock Exchange next month.
15 November 2010
Hardy rejects improved 330p Beazley offer without talks
Hardy Underwriting has rejected a second 330p per share offer from Beazley that values the company at £170mn, and has refused to consent to takeover talks.
15 November 2010
QBE tests market resolve with $1.3bn multi-year reinsurance programme
QBE Insurance is attempting to buy a giant $1.3bn, multi-year global reinsurance programme that will test the state of the market as the key 1 January renewal date approaches, The Insurance Insider can reveal
15 November 2010
Beazley’s new approach still undervalues firm, says Hardy
Hardy Underwriting said today that Beazley Group's revised takeover proposal undervalues the firm and is an attempt to capitalise on its modest valuation and recent international catastrophe losses.
15 November 2010
Amlin premium up 39% in first 10 months
Lloyd's and international (re)insurer Amlin wrote £1.9bn of gross written premium (GWP) in the first 10 months of this year, a 39.4 percent increase on the same period in 2009
15 November 2010
Hardy rejects revised Beazley takeover offer
Beazley Group has expressed "disappointment" after its smaller Lloyd's rival Hardy Underwriting rejected a revised takeover price last week equivalent to 330p per share or £170mn.
15 November 2010
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