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Guy Carpenter relocates COO
The restoration of New York as the centre of Guy Carpenter's power was reflected last week in the migration of global chief operating officer Charlie Fry to the US.
18 August 2008
Moody's withdraws Hannover ratings
Rating agency Moody's Investors Services Ltd affirmed its rating on German giant Hannover Re and its subsidiary E+S Rückversicherung but simultaneously withdrew its ratings on the companies.
18 August 2008
Hiscox pre-tax profits rise to £109mn
Lloyd's insurer Hiscox Ltd has posted a rise in pre-tax profits with reserve releases, a solid investment performance and strong underwriting returns defying the gloom of the soft market and credit crunch.
18 August 2008
Strengthening dollar boosts London's brokers
Costs in sterling and revenues in dollars has been the awkward position for many London-based brokers so the deteriorating pound is providing a welcome fillip.
18 August 2008
RSA again linked with takeover speculation
RSA Insurance Group plc shares have closed the week up at 145p on the London Stock Exchange following fresh speculation over a possible imminent bid.
15 August 2008
Benfield climbs on Merrill upgrade
Benfield Group Ltd received a boost yesterday (13 August) after Merrill Lynch upgraded the stock to "buy" following its solid first-half year results.
14 August 2008
S&P downgrades US P&C sector outlook
Ratings agency Standard & Poor's (S&P) revised its outlook for the US commercial lines and property & casualty sector to negative yesterday on the back of continued price softening and declining investment returns.
14 August 2008
ZFS relies on reserve releases to maintain profits
Zurich Financial Services has announced net profits of $2.7bn and a combined ratio of 96.2 percent for the first half of the year, but only after making higher than expected reserve releases of $609mn.
13 August 2008
Aon Re poaches Guy Carp MD
Aon Re Global has announced the appointment of former Guy Carpenter MD and deputy head of its international department Christer Pehrson as executive director.
11 August 2008
Benfield profits flat as Coporate Risk losses continue; boosts fac business
A forty percent increase in facultative reinsurance revenues for the first half of the year could not prevent overall profits falling at broker Benfield.
11 August 2008
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