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Platinum closes $200mn bond
First-time cat bond sponsor Platinum Underwriters Bermuda Ltd issued a $200mn multi peril cat bond in August, affording it cover against US wind and quake, European windstorm and Japanese earthquake.
04 August 2008
RSA set for September showdown in BAE gap finance dispute
A dispute between RSA plc and BAE Systems over a multi-million dollar reinsurance claim on a policy structured to cover revenue shortfalls on aircraft leased for regional routes is to be heard by the courts at the end of September.
04 August 2008
Allstate in £5bn RBS driving seat
"Every little helps" is Tesco's advertising catchphrase but it might also have been coined for Royal Bank of Scotland’s increasingly desperate need to sell-off assets to plug its £6bn+ exposures to the credit crisis and raise its crucial tier 1 capital re
04 August 2008
The Norwich Rendez-Vous roundtable 2008
The Insurance Insider brings together a host of leading lights from the legacy world to discuss the prospect of fresh run-off portfolios in a softening market, broker legacy solutions and whether the incoming Solvency II regime could boost European business coming into London...
01 August 2008
JLT grows top line but profits fall
Jardine Lloyd Thompson Group plc (JLT) has booked a 9 percent increase in top-line revenues and underlying profits in its half-year results, despite a drop-off in its reinsurance business.
01 August 2008
Aon top line grows as reinsurance bucks trend
Broking giant Aon Corporation has booked a 6 percent rise in Q2 revenues to $2bn, driven by organic growth of 2 percent and a trend-bucking increase in business in its reinsurance operations.
01 August 2008
Cooper Gay outsources back office to Xchanging
Outsourcing firm Xchanging is set to announce a deal with the expansive (re)insurance broker Cooper Gay & Co Ltd to run the firm's back office, as predicted by The Insurance Insider.
31 July 2008
Novae impresses with rise in profits
Lloyd's (re)insurer Novae Group plc has announced pre-tax profits of £16.8mn after reporting an increase in net earned premiums and a strong investment result.
31 July 2008
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
ACE profits up 15 percent as Combined boosts top line
ACE Limited piled more pressure on its old rival XL Capital with strong second quarter results as it booked a 15 percent rise in net income to $746mn.
30 July 2008
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