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Lloyd’s carriers vary reinsurance dependence
Lloyd's insurers have adopted wildly different strategies in their reliance on reinsurance, with some carriers ceding proportionately more than twice as much as their Lime Street rivals, research by The Insurance Insider reveals.
16 August 2010
RSA’s proposed deal with Aviva looks a long shot
RSA's attempt to swallow up large swathes of Aviva's non-life business in a transformational multi-billion pound deal looks like a long shot, according to analysts.
16 August 2010
Ri3K in £10mn ‘exclusive’ talks
The long-drawn out sale process for Ri3K is close to resolution, with two final bidders valuing the London market electronic trading business at around £10mn.
16 August 2010
Lloyd’s to keep capital requirements for 2011
Lloyd's is likely to keep its capital ratios the same for 2011, despite the enervating effects of this year's cat losses and the prospect of Solvency II.
16 August 2010
RSA: initial Aviva offer is fair value
RSA has stood by its initial £5bn all-cash offer for Aviva's UK, Irish and Canadian general insurance businesses, saying that it represents "fair value".
16 August 2010
Omega shares fall to 52-week low on H1 profit warning
Omega Insurance Holdings has issued a profits warning to investors as it anticipates losses of $35mn for the first six months of the year.
16 August 2010
Aviva rejects £5bn bid; RSA has rights issue backing
Aviva this morning (16 August) defended its decision to reject RSA's £5bn all-cash offer for its general insurance activities, maintaining that the "highest value to shareholders" would be secured by retaining the business.
16 August 2010
Ri3K rejects Eckert bid and mulls alternative offers
London market electronic trading business Ri3K has rejected a takeover bid led by shareholder Neil Eckert and is now considering two alternative approaches, The Insurance Insider can reveal
13 August 2010
Lord Levene returns to MoD to oversee ‘radical reform’
The UK government has recruited Lloyd's chairman Lord Levene of Portsoken to lead a high-level reform unit to push through draconian changes at the Ministry of Defence.
13 August 2010
RSA makes bold £5bn Aviva approach
RSA recently made a daring approach to acquire the general insurance operations of its larger UK rival Aviva, a move which could have effectively doubled the size of the company, it has emerged today (13 August)
13 August 2010
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