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Airline rates finally begin to take off
The hard-pressed airline market showed signs of recovery at the 1 April renewals with rates rising by as much as 10 percent on some major airline accounts, according to underwriting sources.
28 April 2008
Willis to grade (re)insurers
(Re)insurance broker Willis Group Holdings has announced the launch of a new tool which will allow clients to rate and compare carriers on standards such as claims settling and policy administration.
28 April 2008
Lloyd's (re)insurers trade cat exposures though exchanges
Trading platform Insurance Futures Exchange Services (IFEX) has seen increased interest from Lloyd's managing agents in trading insurance linked derivatives.
28 April 2008
Guy Carpenter's M&A team facing demerger following global restructure
Guy Carpenter & Co's newly formed M&A advisory team is understood to be leaving the reinsurance intermediary, following news of the firm's major restructuring first reported by The Insurance Insider earlier this month.
28 April 2008
Dinallo in talks with SCA over capital raising
New York State insurance superintendent Eric Dinallo is in talks with XL Capital’s troubled affiliate Security Capital Assurance Ltd (SCA) over its capital raising plans.
28 April 2008
WR Berkley recruits former Brit underwriting exec
Former Brit Insurance CEO of global markets Mike Sibthorpe is to join rival US-based WR Berkley, The Insurance Insider can reveal.
28 April 2008
RBS UK motor dominance may rule out bidders
Controlling a third of any market place gets regulators uneasy, especially in a sector as unpopular among consumers as insurance.
28 April 2008
XL earnings halve in Q1 2008
Bermudian (re)insurer XL Capital Ltd reported a 49 percent drop in net income for the first quarter 2008 on the prior-year period, to $276.9mn or $1.57 per ordinary share.
28 April 2008
Expansive Cooper Gay mulls IPO for investor exit
Cooper Gay, the London-headquartered broker currently in talks to buy Heath Lambert's wholesale operations, is mulling the possibility of an initial public offering (IPO) as early as this year, according to reports.
28 April 2008
Alpha Re and Benfield poach prestigious Royal Palm account
The start-up reinsurance intermediary Alpha Re has landed a $9mn property catastrophe account from larger rival Guy Carpenter & Co.
28 April 2008
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