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Catlin buys US admitted shell from QBE
London-listed (re)insurer Catlin Group has continued to build-out its US platform with the acquisition of a Wisconsin-domiciled admitted lines shell company from QBE for an undisclosed sum.
24 January 2011
'Endemic unprofessionalism' threatens London market
Industry financier Sir Laurie Magnus has warned that the London market is in danger of being overtaken by US and Bermudian insurers unless it works to improve its claims processes and standards of professionalism.
09 August 2005
AWAC launches IPO at $34 a share
Bermudian (re)insurer Allied World Assurance Company Holdings (AWAC) launched its IPO last Wednesday (12 July) priced at $34 a share.
17 July 2006
RLI hands back $65mn
US specialty insurer RLI yesterday (14 November) said it would return a total of $65mn to investors via a special dividend of $3 per share, citing its "strong" financial performance
15 November 2013
UK CEO Carpenter to leave Amlin
Brian Carpenter will give up his duties as CEO of Amlin's UK operation at the end of January ahead of full retirement later in 2014, The Insurance Insider first revealed on 3 December.
04 December 2013
Reserve releases boost Bermudians
Sustained profit performance bolstered by prior-year reserve releases emerged as a common theme among Bermudians reporting fourth quarter and full year 2007 results.
11 February 2008
Zurich estimates $600mn Gustav/Ike loss
Zurich Financial Services Group (ZFS) last week joined a growing chorus of (re)insurers to reveal preliminary hurricane loss estimates, with expected claims payments from hurricanes Gustav and Ike amounting to $600mn before tax.
03 November 2008
Chaucer forms new Lloyd’s insurer with Quanta
Quanta Capital Holdings has signed heads of agreement with Chaucer Holdings and the senior underwriting team of its Syndicate 4000 to form a new Lloyd’s managing agent, Pembroke Managing Agency Limited.
09 June 2006
BMS hires Aon Benfield fac broker for Asia push
Expansionist independent broker BMS has tempted Glenn Kerr away from Aon Benfield to spearhead the growth of its wholesale and facultative business in Asia Pacific
10 July 2012
Florida veto watch still on as Crist mulls options
State governor Charlie Crist is still yet to decide whether he will veto an industry-backed insurance bill voted through in the dying moments of the Florida State legislative session at the end of April.
10 May 2010
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