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Bumper H1 confirms Chaucer turnaround
Recovery-mode Lloyd's managing agent Chaucer plc has unveiled bumper first-half results, as a robust investment rebound combined with rate increases and a benign claims environment produced strong pure underwriting profit.
27 August 2009
Ariel Re takes Swiss Re trio for Zurich credit & surety branch
Ariel Reinsurance Company announced that it has opened a branch office in Zurich to write credit & surety reinsurance on a global basis, starting with the 2010 renewal season.
26 August 2009
Willis names president of North American retail
Broking giant Willis has named Vic Krauze president of Willis HRH, its North American retail business.
25 August 2009
Highlands scheme approved; ends reinsurance dispute
A scheme of arrangement for insolvent UK insurer Highlands Insurance Company (UK) has become effective, resolving a long-standing reinsurance claims dispute between the firm and its parent company Highlands US...
25 August 2009
‘Groundbreaking’ Highlands scheme approved
A scheme of arrangement for Highlands Insurance Company (UK) has become effective, resolving a long-standing legal dispute between Highlands US and Highlands UK (HUK) through the use of a UK mechanism.
25 August 2009
Hiscox sees record profit despite FX hit
UK insurer Hiscox Group has posted record pre-tax profit of £141.4mn for the first half of the year (compared to £109.2mn in H1 2008) as healthy investment returns offset losses from foreign exchange movements.
25 August 2009
QBE stock rises on encouraging interims
The share price of expansive Australian insurer QBE rose by A$6.36 to close at A$22.60 on 20 August as it released robust results for the first half of the year, including a record H1 profit after tax of A$1.018bn ($832mn).
24 August 2009
Munich Re faces bulk of $200mn RusHydro loss; PA also hit
Munich Re is set to pick up the bulk of last week's $200mn RusHydro loss as part of a property facultative placement, our sister title Inside FAC has revealed.
24 August 2009
GAO: Superfund litigation waning
The number of Superfund cases filed annually in US district courts decreased by almost 50 percent between 1994 and 2007 - the period for which data is available - according to the US Government Accountability Office (GAO).
24 August 2009
Chaucer in US energy tie-up with Global Special Risks
Chaucer Syndicates Ltd (Chaucer) has unveiled a strategic partnership with US-based insurance broker Global Special Risks, LLC (GSR) for a new underwriting platform for land-based oil and gas operators in North America.
24 August 2009
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