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Omega capacity offer to close this week
Lloyd's and Bermuda (re)insurer Omega Insurance Holding's offer for up to 50 percent of the 2010 capacity on its Lloyd's Syndicate 958, set to close on Thursday (2 July) has been relatively well received by members' agents and analysts alike.
29 June 2009
CV Starr launches Lloyd's US construction consortium with Talbot and QBE
CV Starr has tied up with Talbot Underwriting Ltd and QBE to launch a $75mn consortium to write US construction risks at Lloyd's.
29 June 2009
News in brief
Fitch changes RGA's outlook to negative; S&P goes negative on Gard; CIC takes over supervision of China Re
29 June 2009
BMS sees revenues decline
Independent London market (re)insurance broker BMS saw profits climb last year even though revenues fell slightly from £45.3mn to £42.6mn.
29 June 2009
S&P: No ratings model is free from conflicts
Despite greater transparency following the damaging sub-prime-related securities ratings withdrawals last year, Standard & Poor's (S&P) managing director of Germany Torsten Hinrichs, conceded "no model is clear of conflicts of interest".
29 June 2009
Groupama downgraded by S&P on capital adequacy
French composite insurer Groupama SA has had its insurer financial strength and long-term counterparty credit ratings cut by Standard & Poor's (S&P) from A+ to A on "weakened capital".
29 June 2009
Goldman Sachs partner rewarded for outstanding contribution to Trading Risk
Goldman Sachs partner Michael J. Millette was heralded as the Outstanding Contributor of the year at the inaugural Trading Risk awards dinner on the 25 June, held in London.
29 June 2009
Court to hear closing arguments in decisive Equitas v Brandywine case
This week the UK High Court is set to hear the closing arguments in the pivotal clash between Berkshire Hathaway-backed Equitas and Randall & Quilter (R&Q)-owned Brandywine.
29 June 2009
Balanced market for key 1.7 renewals
After Florida insurers got an easier-than-expected ride during the 1 June renewal season, thanks to "adequate capacity" from the traditional and non-traditional reinsurance markets, the key 1 July renewal date for US business looks set to be similar.
29 June 2009
Lloyd’s finally says goodbye to Equitas
Equitas, the legacy albatross that has hung around the neck of Lloyd’s Names ever since its creation in 1996, can now be formally detached after the UK High Court approved the transfer to a new company, Equitas Insurance Ltd, yesterday.
26 June 2009
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