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Hardy expands and opens Asia office
Lloyd's (re)insurer Hardy Underwriting Bermuda has hired two underwriters from QBE to spearhead its entry into the kidnap and ransom (K&R) market and facilitate its expansion in crop insurance.
18 October 2010
Swiss Re edges closer to upgrade
Standard & Poor's (S&P) has raised its outlook on Swiss Re to positive, edging the reinsurer closer to restoring its coveted AA rating.
18 October 2010
HCC International loses chief underwriting officer Onslow
Mike Onslow, chief underwriting officer at HCC International, has resigned, The Insurance Insider can reveal.
18 October 2010
Canopius withdraws from big-ticket PI
Private equity-backed Lloyd's insurer Canopius is to cease writing big-ticket UK professional indemnity (PI) business and will let two of its underwriters go.
18 October 2010
Motor insurance premiums rev up
Motor insurance costs rose by nearly a third over the past year, the largest annual increase in the past 15 years, according to the latest AA Index.
18 October 2010
Ace restructures following London marine departures
Ace has reorganised its London market marine operation after the departure of hull class underwriter Rob Henbury and liability class underwriter Robert Jones.
18 October 2010
P&I clubs rebuild investment income on equity markets recovery
The shipowners' protection and indemnity (P&I) clubs have reaped improved investment returns on recovering equity markets, with the members of the International Group (IG) for the policy year ending 20 February 2010 reversing heavy earlier losses in 2008/2009.
18 October 2010
Bolt unveils muscular new Lloyd’s claims approach
Tom Bolt delivered his long-awaited Lloyd's claims vision last week (14 October), which combines a new intrusive approach to standards and a liberalisation of requirements to use the market's sole service provider Xchanging.
18 October 2010
AM Best uncertain over Way-Lightyear tie-up
AM Best has placed Delos Insurance Group, a subsidiary of Lightyear Delos Acquisition Corp, under review with negative implications, citing "uncertainly" over the group's merger with Southwest Insurance Partners (SWIP).
18 October 2010
Advisen warns that litigation activity in 2010 at “crisis-like” levels
The start of 2010 brought a relatively benign period of litigation activity following the global financial crisis, but Advisen has warned that the tally of subsequent second and third-quarter filings has reached "crisis-like" levels.
18 October 2010
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