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Catlin could be next takeover target, says Collins Stewart
Catlin will have to raise its valuation relative to other Lloyd's insurers if it is to avoid becoming a potential takeover target after Brit and Hardy, according to stockbroker Collins Stewart.
25 October 2010
Capital markets must innovate to compete with reinsurance
The insurance-linked securities (ILS) market is well positioned to grow as reinsurance rates fall but the sector must improve its indemnity-based offerings, according to speakers at a Trading Risk New York event last week.
25 October 2010
Super-typhoons prompt Philippines to reconsider calamity funds
The Interior Secretary of the Philippines is considering pooling the country's calamity funds to leverage international reinsurance purchases, following the Super-Typhoon Megi
25 October 2010
Price Forbes launches reinsurance unit
Specialist broker Price Forbes & Partners has officially launched its new reinsurance division with Paul Bumpstead at the helm, as tipped by The Insurance Insider earlier this year
25 October 2010
Willis Re merges UK and European P&C arms
Willis's reinsurance arm has merged its continental European and UK property and casualty businesses, while creating a specialty casualty practice that will operate globally.
25 October 2010
Towers Watson signs Walsham team
Broker Towers Watson has made three new hires to its London reinsurance team, signing up John Weedon, Dan Bailey and David Tuttlebee from Lloyd's broker Walsham Brothers.
25 October 2010
Profits up at Miller as pension issues linger
Miller Insurance Services' underlying profits climbed by 13 percent in the 12 months to the end of April, as the company outperformed the majority of its broker peers, according to its annual accounts.
25 October 2010
Expansive Brown & Brown books Q3 gains
US retail broker Brown & Brown's third-quarter net profit climbed 8.1 percent from a year earlier to $44.3mn, although for the first nine months income remained at $129.6mn as prices weakened.
25 October 2010
Cathedral expected to make underwriting profit in 2010 despite cats
Privately held Lloyd's underwriter Cathedral Capital's Syndicate 2010 is likely to turn a profit this year despite the high natural catastrophe toll in the first half, according to ratings agency AM Best.
25 October 2010
Battered PI insurers seek end to pricing pain
The recession may not have spiked professional indemnity (PI) claims to the levels originally feared - but rising levels of small-level claims are bruising PI insurers.
25 October 2010
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