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Amlin's premium income falls 10 percent
Lloyd's (re)insurer Amlin plc posted a 10 percent fall in gross written premium (GWP) for the first quarter of the year compared to the same 2007 period driven by renewal rate reductions, the company confirmed.
28 April 2008
HRH sees 'significant improvement' in Glencairn
Hilb Rogal & Hobbs (HRH) said it has seen a "significant improvement" in the performance of its London market broker Glencairn.
28 April 2008
Lancashire facing its biggest test to date
Bermudian-headquartered insurer Lancashire Holdings Ltd will have faced its biggest test to date so far this year and its forthcoming first quarter results will give the best indication yet of the firm's strength, according to analyst Nick Johnson of Numi
28 April 2008
P&C reserves beginning to decline
Reserve redundancies in the property and casualty (P&C) industry have passed their peak and have fallen by $1bn over the past year, according to research by analysts at Morgan Stanley.
28 April 2008
IAG rebuffs renewed QBE approach
Insurance Australia Group (IAG) said it will not accept a merger with QBE Insurance, despite downgrading its full-year profit outlook.
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
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
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
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
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