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Lancashire to write less business than planned in 2006; RoEs on target
Start-up (re)insurer Lancashire Holdings Ltd has blamed a sluggish marine market for writing less business this year than it initially planned, according to a trading statement issued today (17 May).
17 May 2006
IAG to withdraw from Lloyd's and sell UK motor units
New Insurance Australia Group (IAG) CEO Michael Wilkins detailed a much anticipated restructure last week that will see the Australian insurer withdraw its investment from Lloyd's Syndicate Alba and sell some of its UK-based motor insurance operations.
14 July 2008
Chubb launches Lloyd’s insurer
US insurance giant Chubb has confirmed plans to launch a Lloyd's insurer that will underwrite through the start-up Syndicate 1882.
02 June 2010
Berkshire says appetite for cat risk returning
Following the strong recovery in the investment portfolio of its parent, Berkshire Hathaway Reinsurance Group says it has regained some of the catastrophe appetite it trimmed in Q1.
11 August 2009
European hailstorms cause widespread damage
A large swathe of western and central Europe was hit this week by violent wind and hailstorms, causing damage to homes and infrastructure in Germany and France, according to risk modelling firm AIR Worldwide
13 June 2014
The Fruits of Mediocrity or Mendacity?
Laptop takes a look at investments at Lloyd’s and the recent trend of working capital cash calls, and argues for a review of procedures In closing the 1997 account on the 31st December 1999 Lloyd syndicates used £849mn of their premium income to boost
01 November 2000
Lloyd's appoints North America chief
Former Wells Fargo executive LoriAnn Lowery has been appointed by Lloyd's as its new president of North America.
21 April 2008
Toulouse crash could cost insurers up to $200mn
The cost of the hull damage on the Airbus that crashed into a wall during tests at Toulouse-Blagnac airport in France last month could be as high as $200mn, The Insurance Insider has learnt.
21 December 2007
Insurers in $830mn Suncor BI settlement
Canadian energy company Suncor Energy Inc announced on 25 April it has agreed an $830mn settlement with insurers over business interruption (BI) claims arising from a major fire at its Oilsands facilities in northern Alberta last January.
02 May 2006
The Hartford shares slip after $290mn asbestos charge
Shares in The Hartford closed down 10 percent for the first half of July after announcing that it would miss earnings expectations because of an asbestos charge to its reserves and heavy catastrophe losses.
18 July 2011
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