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Unearthing value in a soft market
Lime Street's quoted (re)insurers - like many of their global P&C counterparts - are trading at brutally low valuations, caused by the soft market and investor jitters about the sector's earning prospects and financials generally
04 June 2010
Lloyd’s welcomes new (re)insurers Allied World and Chubb
US insurance giant Chubb and Bermudian (re)insurer Allied World Assurance Company (AWAC) will both begin underwriting at Lloyd's later this month for risks incepting on 1 July.
04 June 2010
A thought for the broker...
Plunging pricing, a profound margin squeeze and the constant threat of elimination - if underwriters think it is tough, they should try becoming a reinsurance broker
04 June 2010
Lime Street CEOs lag behind global rivals
The compensation of CEOs at Lloyd's insurers continues to be dwarfed by the rewards on offer at rival US, Bermudian and global P&C (re)insurers...
04 June 2010
Hurricanes can also bring sunshine
The 2010 US wind season has begun. For nervous Lloyd's investors, we have grounds for optimism...
04 June 2010
Private equity to fire EC3 starter’s gun?
Rumblings of interest are being heard on Lime Street while quoted stocks lag with lowly valuations
04 June 2010
White Mountains joins Lloyd’s queue for 2011 start
As Lloyd's allows new (re)insurers onto the platform, a new one joins the pipeline...
04 June 2010
Another sidecar gets stuck in soft market
Catlin's $150mn IPO Long Bay Re is withdrawn - the latest 2010 sidecar to remain on the grid
04 June 2010
Florida accounts move after broker aggression
Brokers becoming increasingly ruthless in prizing accounts of each other in 1.6 dogfight
04 June 2010
Catlin withdraws plans for $150mn sidecar IPO
The first ever attempt to publicly float an evergreen reinsurance sidecar has failed after Catlin Group pulled the plug on the listing of Long Bay Re, scheduled for tomorrow (4 June).
03 June 2010
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