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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
Noise blurs Q2 picture for Bermudians
In contrast to the familiar pattern of capital-strong Bermudians boosting figures in the soft market with reserve releases, White Mountains Insurance Group took a $51mn Q2 hit as a result of adverse development in its reinsurance business.
04 August 2008
Expansive Jubilee hires Travelers property team
Lloyd's insurer Jubilee Managing Agency Ltd is continuing its expansion strategy with the appointment of property underwriter Martin Pope and a team from Travelers, The Insurance Insider understands.
04 August 2008
Deadline looms for sale of EUR100mn German legacy business
Later this month, potential acquirers of a EUR100mn German run-off portfolio should receive information packs which will enable them to price their interest.
04 August 2008
McGavick delivers XL rescue package
After keeping his counsel for most of his first three months at the helm of XL Capital, Michael McGavick was refreshingly candid in his assessment of the embattled (re)insurer as he addressed analysts at the start its Q2 earnings call.
04 August 2008
Lloyd's M&A rush continues
The scramble for an EC3 platform is continuing apace with the acquisition of Imagine Group's Lloyd's operations and a takeover bid for the AIM quoted (re)insurer, Advent Capital Holdings.
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
Willis to repackage Glencairn as independent wholesaler
Willis's London market broker Glencairn, acquired as part of the $2.1bn Hilb Rogal & Hobbs (HRH) takeover, will be re-branded and allowed to function as a stand-alone wholesaler, The Insurance Insider has learnt.
04 August 2008
AIG poised for fresh 2Q writedowns
American International Group's (AIG) new chief executive Rob Willumstad has given himself until Labor day (1 September) to demonstrate how he plans to restore the leviathan's fortunes.
04 August 2008
Marsh facing major overhaul
Marsh is set to undertake a significant shake-up later this year with the new management duo of Brian Duperreault and Dan Glaser poised to unveil sweeping changes at the global broking giant, The Insurance Insider understands.
04 August 2008
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