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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
Capital call for Lloyd's insurers as £ plummets
Despite a number of Lloyd's syndicates already pre-empting capacity for 2009, insurers writing US business in the market face the challenge of finding additional capital in the New Year to support underwriting as a result of the swing in the $/£ exchange
09 December 2008
Ex-Marsh exec Wallers to join HSBC
Julian Wallers, former head of the FINPRO practice at broker Marsh UK, is to re-surface at the broking arm of global bank HSBC, The Insurance Insider can reveal.
09 December 2008
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
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
Lloyd's begins search for Tolle replacement
Lloyd's has formally begun the potentially awkward search to replace Rolf Tolle, the Society’s underwriting tsar.
09 December 2008
Kiln to launch £200mn syndicate; closes Bermuda
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, The Insurance Insider can reveal.
08 December 2008
Omega to raise £130mn on improved market conditions
Omega Insurance Holdings Ltd has become the first quoted Lloyd’s (re)insurer to unveil plans to raise capital to take advantage of the sector’s improved trading prospects.
08 December 2008
UK Treasury convenes insurance industry working group
UK finance ministry, Her Majesty’s Treasury (HMT) has convened a working group of ten top insurance executives to consider key issues facing the issue in the next 10-30 years and shape developments in the market, The Insurance Insider has learned.
05 December 2008
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