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Argo revises de-emption plans
Argo Managing Agency has revised its 2011 syndicate business forecast (SBF) to Lloyd's for its Syndicate 1200
05 November 2010
Guy Carpenter hires Cooper Gay UK CEO for marine and energy role
Jim Summers, who resigned earlier this week as CEO of Cooper Gay's UK business, is bound for reinsurance broker Guy Carpenter, The Insurance Insider can reveal.
05 November 2010
RBS Insurance improves but still in red over reserves
UK personal lines giant Royal Bank of Scotland Insurance's (RBSI) results improved in the third quarter, but the division still posted a £33mn operating loss and a combined ratio of 110.2 percent.
05 November 2010
Guy Carpenter hires Cooper Gay UK CEO for marine and energy role
Jim Summers, who resigned earlier this week as CEO of Cooper Gay's UK business, is bound for reinsurance broker Guy Carpenter, The Insurance Insider can reveal.
05 November 2010
Scor net income up 18%
French-headquartered reinsurer Scor reported an 18 percent year-on-year rise in third-quarter net income to EUR111mn, as it benefited from "very strong" technical results with a non-life combined ratio of 94.9 percent.
05 November 2010
Record Q3 profit for Allied World
Allied World Assurance Company booked record net profits for the third quarter of $254.5mn, up from $200.6mn in the prior-year period, as its bottom line benefited from strong realised investment gains.
05 November 2010
Validus to take 2010 capital return to over $900mn
Validus Holdings has unveiled a series of share buybacks that effectively return over $900mn to investors, offering further evidence of the lack of underwriting opportunities for excess capital in the (re)insurance sector.
05 November 2010
Lloyd’s announces Russian representative office
Lloyd's has announced that it will open a representative office in Russia next year.
04 November 2010
Lippe vaunts inflation hedge and warns against ‘dangerous’ capital returns
Swiss Re will give investors a clear signal of any share buyback, dividend or acquisition plans for excess capital by the end of the year, executives said in a conference call today after the company released its Q3 results.
04 November 2010
FDIC files another lawsuit against failed bank
The Federal Deposit Insurance Corporation (FDIC) has filed a lawsuit in Illinois against Heritage Community Bank, fanning expectations that it will pursue executives of more than 300 small banks that have failed since 2008.
04 November 2010
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