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£60mn+ UK takaful start-up given go-ahead
Principle Insurance Company Ltd is to launch as the first dedicated British takaful provider after receiving authorisation from the FSA.
06 May 2008
Florida hopes dashed as sunshine state gambles again
Cat fund proposals left behind as lawmakers ignore warnings on exposure
06 May 2008
Rise in revenue pushes Aon’s profits
A significant rise in revenues boosted Aon Corp’s first quarter 2008 profits, the broker revealed yesterday (1May).
02 May 2008
ACE beats analysts, despite investment loss
Bermudian giant ACE Ltd reported a 46 percent drop in first quarter profits after it took a net realised investment loss of $480mn.
02 May 2008
Endurance grows premium as profits drop
Bermudian reinsurer Endurance Specialty Holdings Ltd followed a number of its contemporaries with a drop in profits but swam against the tide with premium growth in the first quarter of the year.
02 May 2008
Aspen cuts back as profits drop
Bermudian (re)insurer Aspen Insurance Holdings Ltd cut back its premiums during the first quarter as its profits fell by $40.7mn.
02 May 2008
Ex-Kroll head leads buy-out move from MMC
David Buchler, the ex-European chairman of Marsh & McLennan Co's (MMC) security consulting arm Kroll, is leading a move to buy the firm from its parent, according to reports.
01 May 2008
Nigerian satellite loss adds to insurers’ woes
The loss-struck satellite insurance sector is facing another claim with the development of solar array problems on a Nigerian satellite, NIGCOMSAT-1, The Insurance Insider can reveal.
01 May 2008
ILS issuance to decline in 2008: S&P
New issuance of catastrophe bonds and sidecar capacity in 2008 will be less than the record levels in 2007, due to low cat losses and the softening traditional markets, according to ratings agency Standard & Poor's (S&P).
01 May 2008
Willis Q1 profits hit by $33mn severance payouts
Willis Group's first quarter profits have fallen slightly on the prior year period after the company took a $33mn hit from severance charges to departing staff.
01 May 2008
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