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Quartet of new Lloyd's syndicates look for 2010 launch
Despite reined in optimism over underwriting conditions next year, a quartet of new Lloyd's syndicates are set to join Nick Jones' Apollo Syndicate 1969 in time for 1/1 launch 2010 launch.
19 October 2009
Restructured Generali gets modest tax boost
Italian insurance giant Generali's buy out of the 49.6 percent minority shareholding in its Alleanza Italian life insurance unit should produce tax savings of EUR40mn a year...
19 October 2009
BMA CEO swaps Bermuda for Ireland
Matthew Elderfield, the current CEO of the Bermuda Monetary Authority (BMA), is to step down at the end of the year to take up the post of director of financial regulation at the Central Bank of Ireland.
19 October 2009
UK to put redomiciles under heavy scrutiny
The community of former UK-domiciled specialty insurance operations now headquartered overseas face years of meticulous close scrutiny of their business affairs by UK tax authorities...
19 October 2009
Analyst predicts London (re)insurers may return capital in 2010
Munich Re's recent decision to reinstitute its share buyback programme to the tune of EUR1bn in "unneeded" capital could act as a catalyst for further returns...
19 October 2009
AM Best downbeat on European non-life sector
Rating agency AM Best painted a lacklustre picture of the European non-life sector in 2010...
19 October 2009
Willis bolsters fac resources
Broker Willis Group has appointed former GCFac's Latin American operations, Hugh Powell, as CEO of Willis Facultative in Latin America...
19 October 2009
QBE confirms redundancies following outsourcing move
QBE Europe has confirmed that of the 200 jobs that were subject to consultation as part of a restructuring overhaul, 125 redundancies are expected...
19 October 2009
AEGON releases $650mn with securitisation
Dutch insurance giant Aegon has completed a capital management transaction...
19 October 2009
S&P raises life settlement securitisation concerns
Ratings agency Standard & Poor’s (S&P) has highlighted concerns over life settlement securitisations (LSS).
19 October 2009
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