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Diversification boosts R&Q profits
Randall and Quilter (R&Q) has booked a first-half gross profit of £5.8mn, up from £1.2mn a year earlier, on good investment returns and diversification into new business lines.
18 August 2010
Brit appoints new UK CEO
Brit Insurance Holdings has continued to bolster its senior management while takeover talks progress with US private equity firm Apollo.
18 August 2010
Lewis leaves RenRe after losing Lloyd’s active underwriter role
Jamie Lewis has resigned from RenaissanceRe after the Bermudian reinsurer replaced him as active underwriter on its Lloyd's Syndicate 1458, The Insurance Insider can reveal.
17 August 2010
Marsh lands aviation insurers with 2.5 percent commission
Marsh has standardised wordings on its London aviation placement slips to include a 2.5 percent commission for market services in the latest move by a global broker to increase revenues from its markets.
17 August 2010
London D&O insurers have already paid $15mn ahead of Stanford trial
The London market directors' and officers' (D&O) insurers for fraud-hit Stanford Financial Group (SFG) have so far paid out $15mn in criminal and civil litigation defence costs, court documents reveal.
17 August 2010
Amlin closes down US platform
Lloyd's insurer Amlin has closed down its US platform after less than two years in business, The Insurance Insider can reveal
17 August 2010
RSA's £5bn+ Aviva play 'unlikely to succeed'
RSA's £5bn all-cash offer for Aviva's UK, Irish and Canadian general insurance businesses is a "bold move" but "ultimately unlikely to succeed", according to a number of analysts
17 August 2010
Chartis leads Aon-broked $30mn Colombian jet crash cover
Chartis is the lead on the $30mn hull cover for a passenger plane that broke in two while landing in Colombia, The Insurance Insider can reveal.
16 August 2010
People moves
Keogh promoted to vice chairman at Ace...
16 August 2010
FSA exodus could leave Solvency II ‘rudderless’
The timetable for introducing Solvency II has been called into question as large numbers of staff leave UK regulator the Financial Services Authority (FSA) ahead of its abolition.
16 August 2010
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