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Doom and gloom? Lloyd's stocks rise to all-time highs
Lloyd's stocks are performing strongly on the back of bullish management statements and investors flocking to a sector that is seen as a relative safe haven.
17 November 2008
Enstar hit by weak Sterling; falls to $49mn loss
Enstar Group Ltd, the Bermudian-based run-off acquisition firm, has fallen to a nine-month operating loss of nearly $49mn after a bruising third quarter which saw the firm take a $29.8mn hit from the plummeting pound.
17 November 2008
Storm experts declare Ike an 'anomaly'
Hurricane Ike, which made landfall as a category two hurricane over Galveston Island, Texas on 17 September after smashing Cuba and the Caribbean, confounded modelling agencies by forming much further west...
17 November 2008
WR Berkley swoops for Norwegian insurer
Expansive US insurer WR Berkley is set to buy NEMI Forsikring ASA after signing a letter of intent to acquire the Norway-based speciality lines insurer.
17 November 2008
JLT cautious on market turn
UK-listed broker Jardine Lloyd Thompson Group plc (JLT) went against the grain of bullish Lloyd’s-based (re)insurers predicting a definitive turn in the market (see articles 2 and 12), stating it has not yet...
17 November 2008
S&P warns on Bermuda; start-up returns questioned
Bermudian (re)insurers are left with a "limited margin for error" following a period that has seen catastrophe losses erode underwriting profits and investment returns plummet, according to ratings agency Standard & Poor’s (S&P).
17 November 2008
Lloyd's syndicate in run-off as suitors wane
Troubled Australian insurance group IAG has confirmed it is placing its Singapore-based Lloyd's Syndicate 4455 into run-off and will also close its London-based Lloyd's managing agent Diagonal.
17 November 2008
Hardy and Novae join ranks of bullish Lloyd's (re)insurers
Hardy Underwriting Bermuda Ltd (HUB) and Novae Group have become the latest in a succession of Lloyd's-based (re)insurers to point to hardening rates and business opportunities in 2009 in interim management statements.
17 November 2008
SCOR weathers storm as profits hold up
French-headquartered reinsurer SCOR booked a relatively strong net profit for the year to 30 September of EUR280mn – down just 6.7 percent on the prior-year period.
17 November 2008
ISO set for IPO
US specialist information provider Insurance Services Office has filed for an initial public offering (IPO) in a move that would see the company and its affiliates become subsidiaries of a "publicly traded holding company".
17 November 2008
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