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Aspen leads $175mn Lehman Brothers Japanese loan fraud cover
Aspen Insurance leads the primary layer cover for Lehman Brothers on the bankers' blanket bond policy that could cost the troubled financial institutions market $175mn.
09 December 2008
Falling interest rates creating legacy headaches
The squeeze on discount margins is hitting run-off owners and is likely to depress M&A portfolio values...
09 December 2008
Kelley departure the biggest yet in AIG exodus
Kevin Kelley has become the highest profile departure from American International Group (AIG) as he left his position as president and CEO of the US giant's Lexington Insurance Company subsidiary to take the reins at Ironshore Inc.
09 December 2008
Arch set for Lloyd's launch
The tide of Bermudian (re)insurers flooding to Lime Street shows no sign of relenting, with Arch Capital Group on the verge of unveiling a Lloyd's syndicate, and RenaissanceRe also...
09 December 2008
RFIB begins search for CEO replacement
Patrick Holcroft, the chief executive of private equity backed London market broker RFIB Group, is to step down - sparking a search for his successor, The Insurance Insider can reveal.
09 December 2008
Lloyd's execs in UK Treasury insurance working group
Lloyd’s executives past and present are represented in a working group of ten top insurance executives in the UK finance ministry convened by Her Majesty’s Treasury (HMT) to consider key issues...
09 December 2008
Kiln launches £200mn syndicate
Lloyd's managing agent RJ Kiln is to open a new Syndicate in 2009 for intra-group reinsurance as part of the Tokio Marine Group, as predicted by The Insurance Insider in October.
09 December 2008
Lloyd's capacity heads for record start
Lloyd's opening 2009 capacity is set for a record high of approaching £17bn as pre-emptions in response to expected changes in market conditions combine with a number of new syndicates in the market.
09 December 2008
Endurance considers London insurance unit sale
Bermudian insurer Endurance Specialty Holdings is considering selling off its London insurance unit after a strategic review, The Insurance Insider can reveal.
09 December 2008
Carvill calls time after 32 years
Independent reinsurance broker RK Carvill has announced that it is to cease placing or renewing any new treaty business incepting after 1 April 2009, The Insurance Insider has learned.
09 December 2008
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