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Lloyd’s heavyweights scale back in London
The major Lloyd's (re)insurers are continuing to expand their international operations, in part at the expense of their London business.
17 May 2010
Lloyd’s veteran Field joins Omega
Lloyd's underwriting veteran Roger Field has been appointed to the board of Omega Underwriting Agents Ltd, the Lloyd's managing agent of Omega Insurance Holdings, The Insurance Insider has learned.
17 May 2010
Aon in major Formula I McLaren sponsorship deal
Global broker Aon is one of the new sponsors of the McLaren Formula 1 team, it emerged at the weekend.
17 May 2010
Diversified (re)insurers outperformed by specialists: Kramer
Despite ratings agencies actively favouring the diversified (re)insurer model in the years after Hurricane Katrina in 2005, the most successful stock market performers in the period have actually been those that have specialised.
13 May 2010
Willis brokered $235mn Venezuela gas rig; London writes 25%
Willis is the broker and Argenta's Syndicate 2121 at Lloyd's is leader on the insurance cover for the Aban Pearl gas rig that sank off the Venezuelan coast this morning (13 May), The Insurance Insider can reveal.
13 May 2010
Transocean rig had ‘significant problems’: Congress
With attention shifting towards allocating responsibility for the Deepwater Horizon disaster ahead of an expected avalanche of liability claims, a US Congressional committee has found that there were a number of significant problems with the oil well's key safety mechanism.
13 May 2010
Markel: Reserve deficiency and ‘internal bleeding’ likely to turn cycle
Industry-wide, (re)insurers are not recognising a reserve deficiency that has been steadily building on their books, while some players are haemorrhaging internally and masking the problem from the outside world.
13 May 2010
Miranthis wins internal race for PartnerRe CEO job
PartnerRe has revealed that Costas Miranthis will succeed Patrick Thiele as CEO at year-end.
13 May 2010
Amlin confirms trend for Lloyd’s volume decline
Amlin's interim results show a 6 percent drop in gross written premium (GWP) at its Lloyd's operation, in a further demonstration that Lime Street (re)insurers are reining in their top lines as they look to wait out the soft market.
13 May 2010
Alterra is born as Max-Harbor Point deal completes
The all-share merger between Bermudians Max Capital and Harbor Point has completed this evening to create a $2bn gross written premium (re)insurer Alterra Capital.
13 May 2010
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