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Hurricane Danielle strengthens
The National Hurricane Center (NHC) has upgraded Atlantic Tropical Storm Danielle to a hurricane.
24 August 2010
Tawa buys run-off Bermudian credit insurer
Run-off acquisition firm and service provider Tawa has bought Island Capital, the run-off Bermudian trade credit and political risk insurer, for up to $15mn.
23 August 2010
Charles Taylor pursues private equity firm over run-off purchase
Charles Taylor Consulting (CTC) is to pursue seller RJD Partners for outstanding liabilities relating to its purchase last year of struggling run-off specialist Axiom Consulting.
23 August 2010
Charles Taylor falls 30 percent
Shares in London-based insurance services provider Charles Taylor Consulting (CTC) fell almost 30 percent last week after a profits warning.
23 August 2010
R&Q trumps analyst expectations
Randall and Quilter (R&Q) trumped analysts' expectations as its first-half gross profit went up to £5.8mn from £1.2mn a year earlier on solid investment returns and diversification into new business lines.
23 August 2010
Enstar profits rise as Silvester is named chairman
Bermudian run-off acquisition firm Enstar Group saw net earnings for the first six months of the year climb to $28mn, compared to $20mn in H1 2009.
23 August 2010
Europe’s insurers pass Greek sovereign stress test
Fitch Ratings has found that all the European insurers it rates could withstand the shock of Greece defaulting on government debt after it carried out a major "stress-test" exercise.
23 August 2010
Six Lloyd’s insurers warned over Solvency II readiness
Lloyd's has put a "red alert" on six of the managing agents that underwrite in the market because of major concerns about their ability to implement Solvency II
23 August 2010
Stanford D&O insurers so far pay $15mn
London market directors' and officers' D&O insurers for Stanford Financial Group (SFG) have so far paid out $15mn in criminal and civil litigation defence costs, court documents reveal.
23 August 2010
Bid-rigging dismissal overturned
A US appeal judge has re-opened antitrust and racketeering complaints against a number of insurers and brokers allegedly involved in bid-rigging conspiracies.
23 August 2010
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