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Allstate lifts performance on quiet US first quarter
US personal lines bellwether Allstate lifted its property-liability underwriting result from $71mn in the first quarter of 2010 to $327mn this year, as it benefited from lower catastrophe losses
28 April 2011
Guernsey will not seek Solvency II equivalence
UK offshore domicile Guernsey has said that it currently has no intention of seeking Solvency II equivalence.
26 January 2011
AIG sees new dawn with NY Fed payback
American International Group (AIG) has paid off its credit facility with the Federal Reserve Bank of New York (FRBNY), taking a significant stride to independence from the US government in the process.
15 January 2011
Willis Q2 profits halve despite strong international growth
Willis Group Holdings Ltd saw its profits fall 50 percent for the second quarter after a "significant impact" from its cost-cutting programme.
31 July 2008
COBRA plans AIM float
UK broker COBRA Holdings has announced its intention to seek admission to the AIM stock exchange with a planned £10mn float.
11 June 2007
Chaucer opens new international liability division
Lloyd's specialist (re)insurance group Chaucer Holdings has announced that its new international liability division is now accepting business.
10 December 2010
Kiln underwriter joins Peleus Re
Andrew Carrier, the former active underwriter of Kiln’s Lloyd’s Syndicate 557 and the reinsurance division of its Syndicate 510, will join Bermudian firm Peleus Re later this year.
08 August 2007
S&P negative on Groupama
Standard and Poor’s (S&P) has revised its outlook on French composite insurer Groupama to negative from stable, citing increased pressure on the company’s capital adequacy resulting from the sharp decline in market conditions.
14 April 2009
Size key to Flagstone's future
The chairman of "Class of 2005" firm Flagstone Reinsurance Holdings said its nimble stature was key to its ability to ride through the softer market conditions.
12 May 2008
Grafton shops for legacy captive business
Legacy (re)insurer Grafton completed a transfer for UK supermarket firm WM Morrison's captive run-off liabilities understood to be in the "tens of millions".
11 November 2010
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