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New flurry of Lloyd's start-ups shows Lime Street appeal
The enduring appeal of a Lloyd's platform is being demonstrated once again with a number of start-up syndicates expected to be unveiled in the coming weeks. US insurer WR Berkley is closing on the launch of a new syndicate...
10 March 2009
Swiss Re chairman resigns; former CEO Kielholz steps up
Regime change continues at Swiss Re with the resignation of chairman Peter Forstmoser just weeks after the troubled reinsurance giant replaced its CEO.
09 March 2009
Brit goes Dutch as profits more than halve
Brit Insurance Holdings plc is set to redomicile to the Netherlands as it becomes the latest Lloyd’s insurer to relocate its holding company overseas.
09 March 2009
Hiscox scotches capital raising talk
Lloyd’s insurer Hiscox Ltd has ruled out the need to raise capital as it announced pre-tax profits that more than halved from £237.2mn to £105.2mn, despite a strong underlying underwriting performance.
09 March 2009
Glacier hikes Ike loss; cat bond under review
Moody’s Investors Service has put $67.5mn of the notes on Glacier Re’s $180bn Nelson Re cat bond on review for a possible downgrade after the (re)insurer significantly upped its Hurricane Ike loss estimates.
06 March 2009
Novae posts solid results; Chaucer talks continue
Lloyd's insurer Novae is steering a steady course through the unprecedented financial turmoil, posting robust preliminary pre-tax profit of £40.2mn for 2008.
06 March 2009
Berkshire Hathaway’s CDS at record high on derivative fears
Berkshire Hathaway’s credit default swaps (CDS) hit a new record high yesterday on concerns over the conglomerate’s exposure to the bullish derivative positions it has taken
05 March 2009
SCOR weathers tough 2008
Global reinsurer SCOR produced solid operating results for 2008, reporting a non-life combined ratio of 98.6 percent, 0.7 percentage points lower than a year earlier as gross writings remained stable at EUR5.8bn.
04 March 2009
Munich Re sees more hardening, to avoid recession-exposed classes
Global reinsurer Munich Re has said it sees the reinsurance market continuing to harden, but will lower exposure to business segments that were “particularly exposed to the recession”.
03 March 2009
JLT reports strong growth; plans further acquisitions
Underlying pre-tax profits were up 15 percent at Jardine Lloyd Thompson Group plc to £95.2mn as the UK-listed broker reported strong top-line growth for 2008.
03 March 2009
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