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Bermuda and Switzerland in pole position
Bermuda and Switzerland - favoured domiciles for many international (re)insurers - are first on European regulators' list for consideration to grant Solvency II equivalence to non-EU countries.
04 August 2010
London pushes ahead with electronic claims file
The London market's first fully paperless claim settlement has been completed between reinsurance broker Guy Carpenter and Lloyd’s insurer Amlin.
20 November 2006
SEC requests court order for Wells Fargo docs in $60bn fraud probe
The US Securities and Exchange Commission (SEC) has filed a subpoena enforcement action against Wells Fargo after the US bank failed to produce all documents relating to a $60bn fraud probe.
26 March 2012
Towergate wins £200mn private equity cash boost
Broker aggregator Towergate Partnership has secured £200mn of backing from private equity firm Advent International as it looks to manage its heavy debt burden
02 February 2011
Marsh Q1 margins improve on efficiency drives; US picture gloomy
Marsh & McLennan Companies (MMC) saw group revenues fall 13 percent but operating margins significantly improve in its Risk and Insurance Services (RIS) division, as its recent cost-cutting drive appears to have borne fruit.
06 May 2009
Brit claims 100 percent contract certainty at 1/1
UK insurer Brit Insurance Holdings plc has said that it achieved 100 percent contract certainty on its 1 January 2007 outwards non-proportional reinsurance placements by the end of 2006.
08 January 2007
Hardy combined ratio bloated by 17 points of reserve strengthening
Reserving deficiencies at Lloyd's (re)insurer Hardy added 17.4 points to the firm's 36.5 percent accident-year loss ratio, while net income at parent company CNA grew by 17 percent to $194mn.
29 July 2013
Global Aerospace leads $50mn Lion Air 737 hull loss
London-headquartered aviation pool Global Aerospace is the lead underwriter on the JLT-placed programme purchased by Indonesian airline Lion Air, which suffered the total loss of a Boeing 737-800 on 13 April, The Insurance Insider can reveal.
16 April 2013
AM Best Europe MD defects to S&P
Stuart Shipperlee, the managing director of AM Best Europe, has resigned from the rating agency and is set to return to his former employer, Standard & Poor’s.
17 January 2005
News In Brief
Lloyd’s opens Brazil office; Mitsui Sumitomo branches out to Eastern Europe; Beazley completes acquisition of First State...
20 April 2009
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