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Sagicor builds Lloyd's platform with treaty team
Jamaica-headquartered insurer Sagicor has built its treaty presence at Lloyd’s with a new underwriting team, which started writing business on its Lloyd’s Syndicate 1206 from box 245 on 1 June.
02 June 2009
Sagicor builds Lloyd's platform with treaty team
Barbados-headquartered insurer Sagicor has built its treaty presence at Lloyd’s with a new underwriting team, which started writing business on its Lloyd’s Syndicate 1206 from box 245 on 1 June.
02 June 2009
Omega in £125mn Names buyout bid
Lloyd's insurer Omega has submitted an offer to acquire additional capacity up to a limit of between £50mn and £125mn of Syndicate 958's £249mn of allocated capacity for 2009 - potentially taking its share from 16 percent to 66 percent.
02 June 2009
CEA strongly supports EC supervisory structure
The European insurance and reinsurance federation, the CEA, has announced its strong support for proposals from the European Commission (EC) for a new EU financial supervisory architecture...
01 June 2009
UK insurance rates still softening in Q1 2009
Insurance rates in the UK continued to fall across all major lines of business in the first quarter of 2009, further squeezing insurer margins, according to insurance broker Marsh.
01 June 2009
Argo's Carrier returns to London
Former Kiln reinsurance underwriter Andrew Carrier is returning to London to take on the director of underwriting role at Heritage Managing Agency, the Lloyd's arm of Argo Group.
01 June 2009
Equitas Names close to final rest
A 24 June date has been set for the UK High Court to approve a proposed Part VII transfer of all Equitas' remaining liabilities - now comprising some $7.8bn - to a new company which will finally allow Lloyd's Names to "sleep easily at night".
01 June 2009
News in brief
Aon launched international trade credit team; ASCOT opens Chicago and Hartford offices...
01 June 2009
$1bn Midland auction generates buzz as final RFP looms
The draft request for proposals (RFP) seeking bids from investors for the insolvent Midland P&C (re)insurance estate has attracted significant interest ahead of the final RFP which is set to be issued "in a matter of weeks".
01 June 2009
Bermuda court denies latest Validus effort to derail IPC/Max deal
Validus Holdings has been dealt another blow in its attempts to use the courts to derail Max Capital's agreed merger with IPC Holdings and execute its own takeover of the Bermudian cat specialist.
01 June 2009
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