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Omega seeks alpha figurehead after Robinson departure
Former Benfield Group chairman is frontrunner...
11 November 2009
West Atlas rig loss to cost energy market $700mn+
The commercial energy (re)insurance market is facing its biggest loss of the year from the blowout and subsequent fire at the West Atlas rig in the Timor Sea.
11 November 2009
Jubilee set for syndicate merger; in talks with potential investors for additional capacity
Lloyd's insurer Jubilee is set to go ahead with its syndicate merger plans for the 2010 year, The Insurance Insider understands.
11 November 2009
Beazley hires Mitsui marine team
Lloyd’s insurer Beazley has hired a team from rival Mitsui Sumitomo to bolster its marine liability offering.
10 November 2009
Axa EUR2bn rights issue to fund 'high growth' acquisitions
Global insurance giant Axa has unveiled a EUR2bn rights issue to enable it to "seize future acquisition opportunities, primarily in high growth markets".
09 November 2009
Allianz recovery marred by credit and ‘unsatisfactory’ P&C
Allianz's Q3 group operating profits were up 23 percent, as resurgent life and health financial services performance offset lower contributions from property and casualty (P&C) insurance.
09 November 2009
Beazley flags up scale of political risk loss threat
The industry's potential exposure to political risk/trade credit losses emanating from the global economic downturn in 2008-09 was hinted at by Beazley today.
09 November 2009
Berkshire trebles profits, but reins in reinsurance
Just days after announcing its largest ever acquisition, Berkshire Hathaway has unveiled third quarter net profits that almost trebled from $1.1bn to $3.2bn on the back of rebounding stock index derivative contracts.
07 November 2009
Hannover raises full-year targets for bumper 2009
Hannover Re has upped its top and bottom line targets for the full year after a strong quarter driven by the benign claims environment, resurgent investment income and continued growth in its life and health business.
06 November 2009
Mitsui Sumitomo hires senior franchise exec
Eamon Brown, a key member of the Lloyd's Franchise performance team that oversaw Lloyd's underwriting standards, is to leave the Society at year-end.
06 November 2009
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