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Heritage to add international treaty team
Lloyd's insurer Heritage Underwriting Agency plc is to add an international treaty team later this year headed by former Ascot underwriter James Braddock.
29 May 2007
Benfield shares slide after profits warning
Shares in reinsurance intermediary Benfield Group fell 8 percent to 279p this morning following a profits warning, despite committing to an advanced capital repatriation strategy, before recovering by late afternoon to 298.5p.
10 December 2007
London insurers update losses
London market insurers Brit Insurance and Chaucer have reserved £62.5mn and £62.7mn respectively for net losses resulting from combined financial crisis losses.
10 March 2009
PartnerRe estimates Q2 cat losses of up to $120mn
Bermudian (re)insurer PartnerRe has estimated natural catastrophes in the second quarter could cost the company up to $120mn.
16 July 2013
Reinsurers Victorious on Film Claims
Controversial film financier Flashpoint calls in administrators and admits to misusing insurers’ monies. S&P react with largest single downgrade of a European bond
01 March 2001
Endurance buys out activist shareholder Perry Capital for $322mn
Bermudian headquartered reinsurance group Endurance Specialty Holdings has bought out founding activist shareholder Perry Corp in a $321.5mn transaction.
24 January 2011
Flagstone Re estimates $52.5mn NZ quake loss
Flagstone Re expects claims from the New Zealand earthquake of $52.5mn net of reinstatement premiums and retrocession.
04 October 2010
Hardy shares hold high after Beazley bid
Hardy Underwriting has succeeded in holding on to the almost 20 percent share price bump it achieved after the revelation last week that it had rejected a £158mn approach by larger Lloyd's insurer Beazley.
25 October 2010
Florida approves State Farm withdrawal
Florida's regulators approved State Farm's controversial plan to withdraw from the Sunshine State's property insurance market within two years.
23 February 2009
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.
21 February 2011
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