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Heritage continues to boost profits
Heritage Underwriting Agency Ltd became the latest specialist Lloyd's insurer to publish sparkling interim results with profits climbing by as much as 250 percent to £10.5mn for the first half of the year.
24 September 2007
Former QBE exec to launch new Lloyd’s syndicate
Former QBE Limit underwriter Mark Harrington is to head a new Lloyd’s composite syndicate with an expected capacity of £75mn for the 2008 year, The Insurance Insider can reveal.
19 November 2007
SBJ team may follow GCFac three to Integro
A facultative reinsurance team from London Market broker SBJ Group Ltd may follow the heads of the GCFac team that defected to rival Integro Ltd, according to legal documents obtained by The Insurance Insider.
04 October 2007
Price momentum wanes on Liberty commercial book
Liberty Mutual reported accelerating rate rises on its personal lines book but a loss of momentum in commercial lines and global specialty as it unveiled third quarter operating profits of $534mn, a 13.9 percent increase on the prior-year period.
30 October 2013
R&Q acquires run-off French reinsurer
Expansive legacy and services specialist Randall & Quilter (R&Q) unveiled another modest acquisition last week, with a EUR3.2mn deal to take over French reinsurer La Licorne Compagnie de Réassurances.
26 April 2010
Fitch downgrades Employers Re to ‘AA-’
Rating Agency Fitch Ratings downgraded its financial strength rating on Employers Re to “AA-” last week, citing concerns over the reinsurer’s reserves.
26 July 2004
AM Best: Asbestos underfunding halves in ’05
The US property and casualty industry has made significant progress in funding its asbestos liabilities, according to rating agency AM Best.
10 April 2007
BP Marsh banks proceeds of Hyperion stake sale
BP Marsh, the financial services-focused venture capital firm, has banked £29.2mn from the sale of most of its stake in UK insurance broker Hyperion, it said today (22 August).
22 August 2013
Towers Perrin strengthens reinsurance operations
Towers Perrin has strengthened its reinsurance team with three key appointments in Bermuda and France.
04 February 2008
Achilles-Brit deal vote period extended into 2011
Brit shareholders have been given a further fortnight to vote on the joint Apollo-CVC offer for the listed Lloyd's insurer first unveiled in late October.
29 December 2010
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