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Ex-PXRE exec to head Bermudian reinsurance broker
Guy Hengesbaugh, the former chief operating officer of the defunct catastrophe reinsurer PXRE, is to head up Towers Perrin’s Bermudian reinsurance broker.
29 January 2008
Economy returns to top WEF threats list
The World Economic Forum (WEF)'s seventh annual risk report has shown a marked shift away from environmental concerns to a return to worrying about the global economy.
16 January 2012
HCC stake to fall when Lloyd's insurer floats on AIM
HCC Insurance Holdings' stake in Heritage Underwriting Agency plc will more than halve once the Lloyd's insurer completes its plans to list on London Stock Exchange’s Alternative Investment Market.
24 July 2006
Oxygen acquires Smart & Cook business
Oxygen Holdings plc, the London market intermediary backed by high profile figures such as ICAP founder Michael Spencer and former Marsh president Bob Clements...
20 November 2006
Maiden to buy GMAC International's reinsurance business
Bermuda-based Maiden Holdings is set to buy a majority stake in the reinsurance business of UK-based automotive business of GMAC International Insurance Services, almost three years after buying its US-based sister company GMAC Re.
06 July 2010
Lloyd's rules out forming US admitted insurer
Lloyd's has ruled out creating a fully-fledged US insurance company - an idea that was floated as part of the three-year strategic plan delivered in January.
10 August 2006
IUA: IMF levy proposal ‘hard to justify’
The International Underwriting Association of London (IUA) has said that proposals to include insurers under a global banking tax are "hard to justify".
21 April 2010
Credit crisis disputes dry up
The flood of credit crisis-related litigation is turning into a trickle, with further evidence that class action lawsuits are declining, providing further good news for US errors and omissions (E&O) insurers.
04 August 2010
Neal Bill would cost (re)insurers $17bn
International (re)insurers writing business in the US face $17bn in new taxes over the next decade if the Neal Bill is passed, according to an expert congressional committee.
17 May 2010
Swiss Re expects to continue earnings ascent
World number two reinsurer Swiss Re announced profits up from SFr1.7bn to SFr2.5bn last Thursday (17 March), as it committed to earnings growth through the insurance cycle, targeting 10 percent a year increases in earnings per share.
21 March 2005
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