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Enstar acquires RSA’s UK legacy business
Expansive Bermudian run-off manager Enstar has acquired UK insurer RSA’s legacy portfolio, British Engine, for £28mn in cash.
30 September 2009
The Hartford appoints former BoA executive as chairman and CEO
The Hartford Financial Services Group has named Liam McGee - former president of the Consumer and Small Business Bank for Bank of America - as its new chairman and CEO.
30 September 2009
EU to launch pan-European insurance supervisor
The EU is poised to move from being regulator to supervisor, as the European Commission launches legislation to create a pan-European insurance authority.
28 September 2009
Investment outlook remains dim, warns Lloyd's
According to Lloyd's director of finance, risk management, and operations, Luke Savage, the outlook for sustaining strong investment returns remains dim for the foreseeable future...
28 September 2009
Omega increases its 2010 offshore energy forecast
Omega Underwriting Agency Ltd has submitted a revised business plan to Lloyd's to increase income on its offshore energy account for the 2010 year.
28 September 2009
Lloyd's CF faces exposure to Willis PA LMX settlements
The mighty Lloyd's Central Fund is facing exposure to the $269mn settlements that Willis made with US insurers Assurant and CNA to end litigation relating to their disastrous involvement in the PA LMX spirals of the mid-to-late nineties, The Insurance Ins
28 September 2009
Fairfax begins sweetened Odyssey Re tender offer
Canadian combine Fairfax Financial Holdings has begun its previously announced cash buy-out of the minority interests in its affiliated reinsurer Odyssey Re for $65 per share.
28 September 2009
Axis hires former Bowring Marsh CEO
The outgoing chief executive of Bowring Marsh, Mark Gregory, is to become CEO of Axis Global's specialty lines division, The Insurance Insider revealed last week.
28 September 2009
People moves
QBE appoints head of aviation in France; Clarke to head Amlin Singapore...
28 September 2009
Ward speaks out on UK tax
Richard Ward, the chief executive of Lloyd’s of London, spoke out last week at the long-term damage being done to the insurance market by the UK's uncompetitive corporate tax regime.
28 September 2009
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