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Seven Lovells lawyers jump ship to Foley & Lardner...
17 May 2010
Hardy falls 12 percent on 2010 profits warning
Lloyd's and international (re)insurer Hardy saw its share price plummet almost 12 percent in afternoon trading today (17 May), as it surprised investors with the scale of its losses in the first quarter.
17 May 2010
Hardy Q1 cats force profits warning
Lloyd's and international (re)insurer Hardy has warned that claims from the Chilean earthquake and Australian hailstorms in Q1 will have a material impact on profit expectations for the 2010 financial year.
17 May 2010
Former MD of QFC (re)insurance joins Kane
Fetooh Al Zayani, the former managing director of insurance and reinsurance at Qatar Financial Centre (QFC), has joined risk and insurance advisory group Kane.
17 May 2010
Quinn UK abandons PI as Anglo Irish interest continues
The administrator of Quinn Insurance has confirmed there will be no return to the writing of UK professional indemnity (PI) insurance, as rumours of a rescue package from Anglo Irish Bank continue to percolate.
17 May 2010
Ironshore raises $250mn from debt markets
Bermudian-headquartered international specialty insurer Ironshore has completed a $250mn private debt offering of 8.50 percent senior notes, which become due in 2020.
17 May 2010
Validus Re wins A- rating from Fitch
Ratings agency Fitch assigned an A- insurer financial strength (IFS) rating to Validus Re last week.
17 May 2010
Miranthis wins race for PartnerRe CEO job
Bermudian reinsurer PartnerRe revealed that Costas Miranthis will succeed Patrick Thiele as CEO at year-end.
17 May 2010
Alterra is born as Max-Harbor Point deal completes
The all-share merger between Bermudians Max Capital and Harbor Point completed last week to create $2bn gross written premium (re)insurer Alterra Capital.
17 May 2010
FSA says UK brokers’ anti-corruption culture ‘far too informal’
UK broking houses approach higher risk business involving third parties "far too informally", according to the Financial Services Authority (FSA).
17 May 2010
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