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Scor Q1 profit slips on investment losses and Klaus
European reinsurer Scor said first quarter profit declined 30 percent to EUR93mn as investment writedowns combined with the impact of European Windstorm Klaus.
30 April 2009
Willis Q1 fuelled by international and London units
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.
30 April 2009
QBE takes K&R specialist from Hiscox
QBE has appointed Jonathan Beck as class underwriter for Kidnap and Ransom (K&R), within its specialty division.
30 April 2009
RenRe confirms Lloyd's launch
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.
30 April 2009
CNA Europe chief to be named Heritage CEO
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.
30 April 2009
FSA approves new UK retail broker
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.
29 April 2009
Novae sees average 5% rate rises; investment outperformance continues
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
29 April 2009
Banque AIG exec performs resignation u-turn amid default threat
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
29 April 2009
ACE profits surge; Arch slips on investment writedowns
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
29 April 2009
WR Berkley confirms Lloyd's launch
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.
28 April 2009
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