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Novae shares trade down on poor Q2
Shares in Novae Group traded down last week after the Lloyd's insurer posted a £2.1mn loss for the first half, driven by a £26mn hit from aviation reinsurance and credit insurance claims...
03 August 2009
RIMS: US insurance rates still under pressure
US insurance premiums are still under pressure as demand falls in the ongoing economic difficulties, according to the latest authoritative survey by the Risk and Insurance Management Society (RIMS).
03 August 2009
News in brief
Cooper Gay acquires 100% of Brazilian arm; QBE to acquire Elders; RK Harrison announces restructure...
03 August 2009
Independent Transatlantic boosts book value on higher profits
Transatlantic Re crowned its transition into a new era of independence with a 6.9 percent Q2 increase in book value per share to reach a record high of $53.57 at 30 June.
03 August 2009
AIG names former Metlife chief CEO
American International Group (AIG) has turned to another former head of a US insurance giant to chart the troubled waters after last September's government bailout, with the appointment of Robert Benmosche as its new CEO.
03 August 2009
AIG UK staff turnover stabilises, says CEO
The exodus of staff from AIG UK has stabilised, according to the company's CEO Lex Baugh, as it prepares for a fresh start as part of Chartis.
03 August 2009
Bermudians criticise Neal Bill after unveiling
The Coalition for Competitive Insurances Rates (CCIR), which includes the Association of Bermuda Insurers and Reinsurers (ABIR) as a member, has blasted the proposed Neal Bill introduced in the US House of Representatives on 30 July.
03 August 2009
FSA still to approve Chaucer's Russian-backed investor
Pamplona Capital Management, the Russian-backed private equity firm, is still waiting for clearance from the Financial Services Authority (FSA) to build a pivotal stake in the listed Lloyd's insurer Chaucer Insurance Holdings.
03 August 2009
Lancashire rosy despite slump in GOM demand
Lancashire Holdings expressed surprise at the markedly reduced demand for Gulf of Mexico (GOM) energy wind cover it experienced in the second quarter...
03 August 2009
Advent profits rise on back of marine account
Lloyd's (re)insurer Advent reported increased pre-tax profits of £5.7mn for the first half of the year, compared to £1.6mn in the same period of 2008.
03 August 2009
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