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Frank Crystal eliminates president and COO role; Freitas exits
The president and COO of US-based independent retail insurance brokerage Frank Crystal & Company has left the firm, The Insurance Insider has learned.
03 November 2009
Morgan Stanley advising on RBSI sale
Morgan Stanley and UBS are joint advisors for the Royal Bank of Scotland (RBS)'s restructuring plan, which includes the shedding of its European P&C insurance operations, RBS Insurance (RBSI).
03 November 2009
Swiss Re: 'Rating then redemption'
Swiss Re CFO George Quinn has underlined the reinsurer's priorities: first secure a return to the Standard & Poor's (S&P) AA rating level it lost in February and then strive to redeem the Berkshire Hathaway investment.
03 November 2009
Swiss Re capital recovery continues in Q3
Shares in Swiss Re climbed this morning after analyst-beating third quarter net profits helped further boost its capital base and it continues on the recovery path to paying back its Berkshire Hathaway capital injection.
03 November 2009
'Direct v broker' debate reignites at Baden Baden
Last week's annual reinsurance meeting in Baden Baden saw the industry focus on fundamental issues as it looks ahead into 2010...
02 November 2009
PCI and Baden Baden: No hard market in sight
As the insurance and reinsurance industry set up camp on both sides of the Atlantic last week to draw battle lines ahead of the 1/1 renewals, a central talking point at both events was the elusive hard market.
02 November 2009
Endurance Q3 net income surges
Bermudian (re)insurer Endurance has inverted last year's third quarter net loss of $99.4mn and reported net income of $153.8mn for Q3 2009.
02 November 2009
Torus growth fuelled by casualty expansion
Private equity-backed insurer Torus is experiencing rapid growth in its casualty profile and is expected to post a modest pre-tax profit for 2009.
02 November 2009
White Mountains swings into black on investment rebound
Bermudian (re)insurance group White Mountains saw its Q3 income swing into the black, as the investment markdowns seen during the same quarter of 2008 were dramatically reversed, with loss costs reduced markedly.
02 November 2009
Heath Lambert silent on future of Bruce shareholding following exit
The departure of Heath Lambert managing director Mike Bruce after 11 years with the company has left both an open position and questions over the future of his significant shareholding in the privately owned UK broker.
02 November 2009
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