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BMS scotches TigerRisk deal talk
Reinsurance broker BMS has said it is not in talks with TigerRisk about a potential acquisition of its business, reasserting a strategy for maintaining its independence.
17 December 2009
Kneafsey stays at Argo Intl to take liability top spot
Argo International appointed Paul Kneafsey as active underwriter of the liability division of its Lloyd's Syndicate 1200 last week, laying to rest speculation that he was poised to follow his erstwhile boss Mark Lawrence through the exit.
17 December 2009
Axis Capital and Arch accelerate share buybacks
Bermudian (re)insurers Axis Capital and Arch have made substantial progress in their share buyback plans, with a new authorisation from the former to repurchase $500mn and news of $252mn of shares bought back in Q4 from the latter
17 December 2009
P&I clubs heed shipowner woes and keep lid on 2010 increases
The protection and indemnity (P&I) clubs are restraining 2010 premium increases to a 5 percent average, as their investment portfolios recover and shipowner members grapple with depressed freight markets.
17 December 2009
Catlin upgraded to ‘A’ by S&P
Standard & Poor's (S&P) has upgraded the insurer financial strength and long-term counterparty credit ratings of Catlin Group's core subsidiaries by one notch to A, citing an "improved financial profile".
17 December 2009
California quake down 20% as ‘late’ 1/1 fast approaches
Property catastrophe reinsurance pricing for California earthquake perils is heading down 20 percent at the 1/1 renewals, The Insurance Insider has learned.
17 December 2009
XL and Max Capital lead Bermuda’s 2009 stock resurgence
XL Capital and Max Capital have seen their stocks outperform almost all of their major competitors in 2009, reflecting the bounce back in investor sentiment for the two Bermudians.
17 December 2009
Omega shares up despite shareholder tensions
Talks are thought to be continuing between Invesco, one of the largest investors in the Lloyd's insurance market, and Omega Insurance Holdings, despite a hiatus in the war of words.
17 December 2009
Lloyd's sees four new syndicates for 2010
Third-party capital will participate in each of the four syndicates approved to start writing business at Lloyd's in the new year.
17 December 2009
Broker share prices unmoved despite contingents cheer
Shares in the major broking groups failed to react to last week's news that the state of New York was paving the way for a return to contingent commissions, as negative sentiment weighed down their stocks.
17 December 2009
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