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  • European reinsurer Scor said first quarter profit declined 30 percent to EUR93mn as investment writedowns combined with the impact of European Windstorm Klaus.
  • A strong performance from Willis Group's international and London market operations ensured a healthy 29.8 percent adjusted operating margin for the global (re)insurance broker in its first quarter.
  • QBE has appointed Jonathan Beck as class underwriter for Kidnap and Ransom (K&R), within its specialty division.
  • RenaissanceRe (RenRe) has become the latest international underwriter to secure a Lloyd's platform after receiving approval from the Franchise Board for Syndicate 1458, in a move first revealed by The Insurance Insider.
  • Argo International Holdings is set to unveil Julian Enoizi – the former head of CNA’s European operations – as CEO of its Lloyd’s arm Heritage Managing Agency Ltd, The Insurance Insider can reveal.
  • UK regulator the Financial Services Authority (FSA) has approved the launch of Reale Insurance Brokers Limited – a new broker in the Market Insurance Brokers (MIB) group of companies.
  • Novae Group – the Lloyd's insurer which withdrew from merger discussions with rival Chaucer Insurance Holdings earlier this year – increased its revenues by almost a third, posted another impressive return from investments and said it was enjoying rate ri
  • American International Group (AIG) has moved to calm the choppy waters around the unwinding of its doomed financial products business (AIGFP) by persuading a senior executive at the division to reverse his resignation in order to avert potential legal act
  • ACE Ltd and Arch Capital Group Ltd reported contrasting Q1s, with the former posting a 50 percent rise in net profits that it said was aided by firming rates and the latter seeing net profits dip 26 percent as a result of impairments on its investment por
  • WR Berkley has confirmed the launch of its Lloyd's platform headed by former Brit Insurance executive Mike Sibthorpe, a move first revealed by The Insurance Insider.