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Dual International signs up Hiscox
Expansive agency Dual International has signed up Hiscox to provide up to 25 percent of capacity for its global portfolio.
16 August 2010
Brit appoints FD despite £880mn Apollo talks
Lloyd's takeover target Brit Insurance has ended its search for a group finance director by hiring former Zurich Financial Services (ZFS) senior executive Scott Egan to replace Matthew Scales.
16 August 2010
Levene returns to MoD
The UK government has recruited Lloyd's chairman Lord Levene of Portsoken to lead a high-level reform unit at the Ministry of Defence (MoD).
16 August 2010
Pembroke looks to write oil and gas PI
Ironshore International's Pembroke Syndicate 4000 at Lloyd's is the latest insurer to try and exploit heightened demand for liability cover in the oil and gas sector, as it introduces a wide-ranging professional indemnity product for the industry.
16 August 2010
Bermudians in share buyback moves
Allied World Assurance Company Holdings has bought $250mn worth of shares back from founding investor Goldman Sachs, after posting first-half net income growth of 30 percent last week.
16 August 2010
AIG could sell AIA stakes pre-IPO
American International Group (AIG) is in talks with potential investors to sell stakes in its AIA Asian life division ahead of its planned initial public offering (IPO), according to reports.
16 August 2010
Lockton claims 5% organic revenue growth in 2009-10
Lockton has claimed a 5 percent increase in organic revenues for its 2009/10 financial year.
16 August 2010
Alea books $50mn H1 loss on MBS writedowns
Mortgage-backed securities (MBS) writedowns have continued to overshadow discontinued (re)insurer the Alea Group, with first half net losses deepening to $50mn from $45mn a year earlier.
16 August 2010
Sagicor Lloyd’s division raises Chile loss
Caribbean insurer Sagicor has increased its net loss estimates on the Chilean earthquake disaster to $10mn in its half-year results, up from an earlier estimate of $8mn.
16 August 2010
Debt-laden Kingsway takes $19mn Q2 loss
Troubled Canadian insurer Kingsway Financial Services (KFS) has posted a second quarter net loss of $19mn, compared to a $38mn deficit in the same period last year, amid underwriting and disposal losses.
16 August 2010
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