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Hardy silent on Beazley as premiums grow 26%
Lloyd's (re)insurer Hardy Underwriting has lifted gross written premiums by 26 percent year-on-year to £256mn for the first nine months of 2010.
12 November 2010
Catlin looks outside London in ‘challenging’ rating environment
Lloyd's specialty (re)insurer Catlin is increasing the share of business written from international underwriting hubs as London competition hits rates, according to its interim management statement.
12 November 2010
UK court finds against Lonmar in £2.5mn poaching case
A UK High Court has found against Lonmar Global Risks and in favour of rival London market broker Tysers in a long-running £2.5mn poaching case, The Insurance Insider can reveal
11 November 2010
Run-off consolidators avoid M&A, AIRROC told
Run-off consolidators face tough challenges in finding growth opportunities as the low interest-rate environment continues, the legal head of consolidator Tawa Management told AIRROC delegates in New Jersey.
11 November 2010
Grafton shops for legacy captive business
Legacy (re)insurer Grafton completed a transfer for UK supermarket firm WM Morrison's captive run-off liabilities understood to be in the "tens of millions".
11 November 2010
Run-off sector faces UK liabilities fall
Legacy (re)insurers whose traditional sources of revenue are drying up while liabilities shrink in the UK are looking further afield, run-off industry rainmakers heard last month in New Jersey.
11 November 2010
RiverStone set for RITC of Syndicate 376
Legacy specialist RiverStone is set to reinsure-to-close the open years of Syndicate 376, one of the largest remaining syndicates in run-off in the Lloyd's market, The Insurance Insider can reveal.
11 November 2010
Florida approves Hiscox
The Florida regulator has continued to ease barriers to foreign reinsurers, with the Bermuda operation of Lloyd's (re)insurer Hiscox the latest to secure a cut in its collateral requirements to 20 percent.
11 November 2010
Sandler ruled himself out of chairman role
Ron Sandler rejected approaches from Lloyd's to take over from Lord Levene of Portsoken before events at nationalised UK bank Northern Rock effectively removed him from the running.
11 November 2010
Letts gone under new Ri3K owner Qatarlyst
Ri3K's founding CEO Alex Letts has stepped down upon the firm's sale to fellow (re)insurance technology platform Qatarlyst.
11 November 2010
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