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London market faces wide-ranging Sempra losses
Swiss Re and Catlin are facing the possibility of a $73.4mn and $73.2mn loss each arising out of last October’s California wildfires, The Insurance Insider understands.
07 October 2008
City grandees buy Lloyd’s investment firm
The Conservative Party Treasurer and former Jardine Lloyd Thompson Group plc director Jonathan Marland has led an investor group of City grandees that has acquired the Lloyd’s investment fund manager, Insurance Capital Partners LP (ICP). ICP...
02 October 2006
CRC proposes 2011 date for Ryan showdown
CRC Insurance Services and Ryan Specialty Group (RSG) will lock litigating horns in April next year if a US judge agrees to a plan submitted by the former to launch charges of conspiracy and poaching against its rival.
12 July 2010
Atrium profits increase 300 percent despite sluggish premium growth
Specialist Lloyd's (re)insurer, Atrium Underwriting reported pre-tax profits of £23.8mn for the first half of 2007, an increase of 300 percent on the same period last year.
18 September 2007
HRH marked up on acquisitions
Expanding US broker Hilb Rogal & Hobbs has seen Bear Stearns upgrade its forecast earnings on the back of its accelerating acquisition strategy.
26 February 2007
Brooke to head Tokio Millennium Sydney office
Ariel Re's departing COO, reinsurance veteran Russell Brooke has emerged as the prospective head of Tokio Millennium Re's (TMR) planned Sydney branch office, The Insurance Insider has learned.
05 July 2010
US tort costs hit $260bn in 2004
US tort costs reached a record level of $260bn during 2004 according to research by Tillinghast’s US Tort Costs and Cross-Border Perspectives: 2005 Update. The figure is up from the previous record of $244bn set in 2004 and averages out at...
20 March 2006
CEA reduces limit to $3.1bn as collateralised cover cut back
The California Earthquake Authority (CEA)'s risk transfer programme for 1 August decreased limit by 8 percent to a total of $3.1bn, driven mainly by a reduction in collateralised participation, according to August meeting documents published last week.
30 September 2013
Mexican Wilma losses up to $1.75bn
The Mexican insurance industry association AMIS expects insurers to cover losses of $1.75bn as a result of Hurricane Wilma hitting the country. So far payments and advances of $330mn, or 19 percent of that total, have been made to claimants.
19 December 2005
ACE Q3 profit slumps as CEO signals end of soft market
Newly Swiss-domiciled (re)insurer ACE Ltd has avoided the third quarter net losses posted by a number of its peers, but nevertheless saw its net income decimated by net realised investment losses and catastrophes as it plummeted 92 percent to $54mn.
29 October 2008
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