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Lloyd’s syndicate forecasts avoid more car crashes
Losses may be accelerating for motor underwriters (see story 23) but there were bright spots for Lloyd's investors in the mid-year updated syndicate forecasts.
23 August 2010
RenRe appoints new active Lloyd’s underwriter
Jamie Lewis has resigned from RenaissanceRe after the Bermudian reinsurer replaced him as active underwriter on its Lloyd's Syndicate 1458.
23 August 2010
Lime Street loss ratios defy soft market
Lloyd's insurers are enjoying better loss ratios despite the enervating effects of the soft market, if the industry's heavy cat loss burden is stripped out from the first half of the year.
23 August 2010
Equity Redstar Lloyd’s losses could hit £330mn
Lloyd's motor underwriter Equity Redstar's losses on the 2008 and 2009 years of account could mount as high as £330mn.
23 August 2010
Levene’s bank to compensate Lloyd’s for lost time
Lord Levene of Portsoken's new banking venture, NBNK Investments, will compensate Lloyd's in full for any work time that he diverts from the Corporation to his new duties, The Insurance Insider has learnt.
23 August 2010
Alterra plans 60% expansion on Syndicate 2526
Alterra-managed Syndicate 2526 is planning to expand its capacity by almost 60 percent for 2011, The Insurance Insider can reveal.
23 August 2010
Kiln halves capacity at catastrophe sidecar syndicate
Lloyd's managing agent RJ Kiln has halved capacity at its property catastrophe Syndicate 557 to £60mn for 2011, despite forecasts of an active hurricane season in the US this year.
23 August 2010
HP conducts due diligence in advance of Ri3K sale
IT giant Hewlett Packard's (HP) independent subsidiary MphasiS is in advanced negotiations to buy Ri3K, with due diligence half-completed, The Insurance Insider understands.
23 August 2010
AIG shrinks NY Fed facility by a further $4bn
American International Group (AIG) has pumped the proceeds of nearly $4bn received from International Lease Finance Corporation (ILFC) into its Federal Reserve Bank of New York (FRBNY) revolving credit facility.
23 August 2010
RK Harrison parts company with key producer
Catherine Murray, a leading London market specialty (re)insurance producer, has left RK Harrison.
23 August 2010
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