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PartnerRe profit slides on cats and writedowns
PartnerRe booked a slump in fourth-quarter net profits as investment writedowns combined with catastrophe losses to hit its bottom line.
14 February 2011
Tawa UK in $285mn run-off acquisition
Tawa UK, the run-off acquisition firm backed by the French billionaire François Pinault, has acquired Continental Management Services Ltd (CMS), a (re)insurer with gross assets of $285mn.
05 March 2007
Harris moves into Lloyd’s as Ward unveils changes
The Lloyd’s Corporation has brought in David Harris - a senior representative of the G6 group of London market insurers – on secondment, as the three-hundred-year-old Society agrees a number of changes to improve the service it provides.
27 November 2006
Down-to-the-wire deal seals FSA approval
A last-minute agreement was reached this month between the Lloyd's Market Association (LMA) and London Market Insurance Brokers' Committee (LMBC) on the form of the new Lloyd's terms of business agreements (TOBAS). The decision came on 13 January, 2005
01 January 2005
JLT shares rise following interims
Shares in UK headquartered broker Jardine Lloyd Thompson Group plc leapt almost 6 percent this morning on the London Stock Exchange following half-yearly results which contained no nasty surprises.
26 July 2005
Munich Re delivers solid Q2 on investment result; ERGO back in black
Munich Re unveiled solid net profits of EUR703mn for the second quarter, up 11.9 percent on the prior-year period, as its primary division, ERGO, returned to the black.
04 August 2009
Reinsurance fuels Global Indemnity’s Q1 revenue expansion
US specialty (re)insurer Global Indemnity saw its gross written premium (GWP) rise by 30 percent year-on-year to $74.9mn in Q1 2013, fuelled by the expansion of its reinsurance book, but its combined ratio remained stubbornly above 100 percent
08 May 2013
Who owns Lloyd’s?
The uplift in mergers and acquisitions activity in the Lloyd’s market over the last two years has contributed to a shift in the make-up of leading investors in the sector.
11 November 2008
Mapfre loses double A rating
Mapfre became the second (re)insurer to lose a AA- rating status last week after ratings agency Fitch downgraded the Spanish (re)insurer’s core subsidiary insurer financial strength (IFS) rating...
23 February 2009
IAG raises A$450mn; reveals A$126mn hit from Australian wildfires
Troubled Australian insurer Insurance Australian Group (IAG) has raised $450mn ($287mn) after warning that its first-half profits will be adversely impacted by the twin effects of this month's devastating bushfires in southern Australia which have killed killed some 200 people and adverse movements in investment income.
19 February 2009
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