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Sagicor profits on Lloyd's acquisition
Sagicor Financial Corporation (SFC) - the Caribbean financial services group which bought Lloyd's insurer Gerling at Lloyd's and its Syndicate 1206 last year - announced an increase in net income to over $100mn in 2007.
14 April 2008
RenRe buys crop insurer
Bermudian RenaissanceRe Holdings Ltd has bought US crop insurance managing general underwriter (MGA) Agro National.
14 April 2008
Kiln swoops for Advent underwriter
Lloyd's (re)insurer Advent Underwriting Ltd lost its chief underwriting officer Lloyd Tunnicliffe to rival Kiln last week.
14 April 2008
Berkshire bond insurer gets AAA rating
Standard & Poor's (S&P) has granted AAA ratings to Berkshire Hathaway's start-up bond insurer.
14 April 2008
Buffett builds Munich Re stake
Berkshire Hathaway has bought one million shares in German giant Munich Re in the last six months, according to reports.
14 April 2008
Reinsurer to purchase 10 percent stake in British Islamic start-up
Malaysian reinsurer MNRB Holdings Berhad has announced it is to purchase a 9.99 percent stake in British Islamic Insurance Holdings Ltd (BIIH).
14 April 2008
SCOR joins Brazil throng
European reinsurer SCOR has received an admitted Brazilian property and casualty carrier license as other firms continue to flock to the country in anticipation of its formal deregulation later this week.
14 April 2008
Gallagher Singapore MBO completed
The management buy-out of Gallagher Re's Singapore subsidiary led by Richard Austen - as first revealed in The Insurance Insider in February - has been completed.
14 April 2008
Airline premiums remain 'inadequate'
Rating agency Standard & Poor's has become the latest firm to highlight the inadequacy of airline premium levels for managing the industry's future losses.
14 April 2008
PCI warns of deteriorating US P/C profits
A slump in underwriting results in the US property/casualty insurance industry dented its profitability last year, according to Insurance Services Office (ISO).
14 April 2008
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