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White Mountains shores up capital with reinsurance restructure
White Mountains Insurance Group is restructuring its reinsurance business by converting its Bermudian reinsurance arm into a branch of White Mountains Re Sirius.
03 August 2009
RK Harrison to retain Bowood as dedicated binder unit
RK Harrison has said that the Lloyd's broker Bowood Holdings, which it acquired in October 2008, will become the group's specialist delegated authority broker from 1 October this year...
03 August 2009
WR Berkley spies end of cycle; Travelers net income falls 21%
While WR Berkley CEO Bill Berkley is confident the sluggish US P&C markets are close to turning, similar positive rate change across each of Traveler’s business segments were not enough to fuel Q2 income growth.
03 August 2009
Hartford shares up as VA fears begin to ease
Recovering stock markets through the second quarter helped ease the woes of troubled US insurance giant the Hartford Financial Group, as it posted an operating profit that sent its share price up.
03 August 2009
Analysts upbeat despite fall in Scor’s H1 income
French reinsurer Scor's net income for the first six months of the year dropped by 24 percent from H1 2008 to EUR184mn, as investment income more than halved...
03 August 2009
Hannover's Eurus II ILS issuance to $1.8bn
Hannover Re's latest catastrophe bond, Eurus II, closed on the 29 July, providing the reinsurer with EUR150mn of European windstorm cover and taking overall 2009 cat bond issuance to $1.8bn.
03 August 2009
Torus appoints new COO; expands US team
Fast-expanding insurer Torus Holdings has appointed Naveen Anand - CNA Insurance’s former senior vice president of commercial insurance - as global chief operating officer...
03 August 2009
Auditor's liability exposures narrowed in Moore Stephens judgment
The House of Lords last week ruled that accountancy firm Moore Stephens is not liable for a failure to unearth an $89mn fraud at a commodity trader that it audited.
03 August 2009
Fairfax shares up as profits surge
Shares in Fairfax Financial Holdings traded up 5 percent Friday (31 July) after the Canadian combine unveiled a net profit of $275.4mn for the second quarter.
03 August 2009
Gallagher's energy expansion continues with Calgary launch
Gallagher's Global Energy initiative took another decisive step last week with news that the firm has opened a Calgary office, The Insurance Insider can reveal.
03 August 2009
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