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EW Payne pools scheme gets approval
The scheme of arrangement on the four EW Payne Pools was finally approved in the UK High Court last month.
04 August 2008
INSIDE XL CAPITAL: Investment strategy rethink
In line with plans to refocus its business on its core (re)insurance operations, XL Capital also signalled a shift in its investment strategy, which has proved costly in the current credit and financial markets turmoil.
04 August 2008
INSIDE XL CAPITAL: SCA deal - warding off circling pack?
In the weeks leading up to XL's announcement of plans to cut loose from SCA, speculation had mounted over what rescue package new CEO McGavick would negotiate with regulators, and the potential role of third parties from within the (re)insurance industry.
04 August 2008
INSIDE XL CAPITAL: Refocus and retain
Asked about the gathering storm of sub-prime last year, Henry Keeling described the crisis as presenting an "attractive opportunity" for the Bermudian (re)insurer.
04 August 2008
$120mn LAZR cat bond counts down basis risk
Florida is made up of 67 separate counties while Texas - where everything has to be big - consists of 254 individual counties.
04 August 2008
Aon top line grows as reinsurance bucks trend
Despite both booking a 6 percent rise in total revenues for the second quarter, Aon was able to trump rival Willis on its reinsurance operations.
04 August 2008
Cat losses hit US insurers' profits
A second consecutive quarter of heavy catastrophe losses took its toll on early reporting US insurers as profits slipped at Allstate Corp, Travelers, Liberty Mutual, WR Berkley and Chubb.
04 August 2008
Lloyd's vehicles hit by claims and investment conditions
Early reporting Lloyd's (re)insurers offered results hit by the year's heavy cat claims and difficult investment conditions.
04 August 2008
Former Euclidian directors fined and banned from Lloyd's
Two former directors of failed Lloyd's insurer Euclidian Underwriting Ltd have been fined, ordered to pay costs and agreed not to transact business at or set foot in Lloyd's without prior permission after being found to have failed to deal "in a transpare
04 August 2008
Exec director leaves Carvill
The head of specialist reinsurance broker RK Carvill & Co Ltd's New York office has left the company, The Insurance Insider can reveal.
04 August 2008
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