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Canopius CEO steps down
Canopius Managing Agents CEO Clive Watson is to leave the Lloyd's (re)insurer with effect from 1 October. A successor is yet to be found...
24 August 2009
Lloyd's sues Bakersfield appraiser
In a typical example of the lawsuits being stirred up by the sub-prime crisis and credit crunch, Lloyd's of London is suing a US appraiser for allegedly concealing criminal investigations into claims that he overinflated the value of the homes he assessed
24 August 2009
$1bn workers' comp suit against AIG dismissed
A US federal judge has reportedly thrown out a suit filed by the National Council on Compensation Insurance (NCCI) that sought to recover over $1bn for alleged underpayments made by American International Group (AIG)...
24 August 2009
Amlin mulls sidecar expansion
Lloyd's insurer Amlin will consider a modest increase to the capacity on its Special Purpose Syndicate 6106 in 2010, reflecting its belief that retrocessional reinsurance will continue to be scarce and expensive going forwards.
24 August 2009
Novae shares rally on reinsurance deal; builds out team
Novae Re - the new reinsurer that plans to go live on 1 January 2010 - has begun to build out the team that will enable the unit to write an estimated £100mn in premium income in its first year.
24 August 2009
Capita and Armour Re in race to win Swiss Re run-off prize
A short-list of bidders have entered the final stages of a tender process for Swiss Re's UK run-off unit Pro Insurance Solutions (Pro), The Insurance Insider understands.
24 August 2009
Aon wins Cordea Savills account
Broking giant Aon has won a contract to consolidate international property fund manager Cordea Savills' current insurance arrangements into a pan-European programme.
24 August 2009
IAG limps into profit
Troubled Australian insurer Insurance Australia Group (IAG) has returned to profit for the full financial year to 20 June 2009 - posting a net gain of A$181m, compared to a loss of A$261mn in FY2008.
24 August 2009
Hank Watkins appointed as new president of Lloyd's North America
Lloyd's announced that Hank Watkins has been appointed as the new president of its North America division, effective from 31 August.
20 August 2009
Capita and Armour Re in race to win Swiss Re run-off prize
Two bidders have entered the final stages of a tender process for Swiss Re’s UK run-off unit Pro Insurance Solutions (Pro), The Insurance Insider understands.
20 August 2009
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