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London News Digest
Insurers refuel Boeing dispute ; Lloyd’s insurers build international liability platforms; Aon exec seconded to Lloyd’s; Amlin opens up electronic trading options; IBM steps into London market
09 March 2007
Platinum opens Q1 reporting with $157.2mn loss
Platinum Underwriters unveiled a Q1 net loss of $157.2mn as it opened a reporting season where many of its peers are expected to be in the red following record catastrophe losses.
21 April 2011
Equity Syndicate’s losses could mount to £480mn
Equity Syndicate 218's losses from its misfiring motor book are likely to reach £480mn, figures released by Equity Syndicate Management Limited suggest.
17 February 2011
Ruxley transfers aviation & general run-off book to Berkshire
Run-off specialist Ruxley Ventures has received approval from the UK High Court of Justice to transfer the assets and liabilities of Aviation & General Insurance Company to a subsidiary of Berkshire Hathaway.
23 December 2010
Fitch: Sovereign downgrade would have ‘minimal impact’ on Bermuda reinsurers
Ratings agency Fitch Ratings said today (25 June) that a downturn or sovereign debt default in Bermuda would have "minimal impact" on Bermudian (re)insurers
25 June 2013
Hannover invests $50mn in Lohmann-managed ILS fund
German reinsurer Hannover Re has supported former executive Dirk Lohmann with a $50mn investment in his new Secquaero insurance linked securities (ILS) fund, according to sources close to the deal.
08 September 2008
Beazley increases US capacity
Beazley Group plc has increased the capital of its US admitted insurance company, Beazley Insurance Company by $45mn, bringing its total capitalisation to around $105mn.
16 April 2007
Lloyd’s finally frees itself from its two legacy ‘albatrosses’
Two of the most costly failures to ever fall on the Lloyd's Central Fund - GoshawK Syndicate 102 and Alleghany Syndicate 376 - have been finally relinquished.
17 January 2011
Argo reshuffles E&S management after Levinson resigns
Argo Group's excess and surplus lines (E&S) president Lou Levinson has resigned from the Bermudian (re)insurer, The Insurance Insider has learned.
16 August 2013
Legacy news in brief
Tawa bolsters US platform with tie-up; UK courts give Tokio Marine Europe scheme leave to convene; Alea's Christmas Eve farewell to London Stock Exchange listing; Sluggish run-off holds back Charles Taylor
15 December 2010
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