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Argo offer for Heritage declared unconditional
Bermudian Argo Group International Holdings Ltd's 154p a share cash offer to buy Heritage Underwriting Agency plc has been declared unconditional.
14 May 2008
US dollar sends PARIS RE to IFRS loss
Foreign exchange losses sent PARIS RE to a $129.5mn first quarter net loss under IFRS reporting, against a comparable prior-year period net profit of $35.7mn.
14 May 2008
Insurance industry likely to escape full force of China quake
Property losses from the Chinese earthquake in Sichuan province could reach as much as $15bn but the insurance industry is likely to emerge relatively unscathed.
14 May 2008
Brit appoints active underwriter
Brit Insurance Holdings Plc has appointed Jonathan Turner as active underwriter of Syndicate 2987.
13 May 2008
UK government warned on tax regime
The UK Treasury is under renewed pressure to create a more favourable tax regime for businesses or face an exodus of corporations to overseas domiciles.
12 May 2008
Investment loss shrinks Markel Q1 profits
Profits at specialty insurance group Markel Corporation shrank by 66 percent after the firm was hit by a $56.3mn loss in its investment portfolio.
12 May 2008
AWAC profits from 'disciplined' Q1
Allied World Assurance Company Holdings Ltd (AWAC) said underwriting discipline helped net income grow by $17mn in the first quarter of 2008, compared to the prior-year period.
12 May 2008
Castlepoint sees continued growth
Bermudian sidecar-style reinsurer Castlepoint Holdings Ltd continued to grow both its top and bottom line in the first quarter.
12 May 2008
Montpelier outlook raised on ERM 'improvements'
Standard & Poor's (S&P) has improved the outlook on Montpelier Re Holdings Ltd (MRH) and its core operating subsidiary Montpelier Reinsurance Ltd (MRE) from negative to stable citing "meaningful" improvements in enterprise risk management (ERM).
12 May 2008
Lehman Re downgraded
Rating agency AM Best has downgraded Lehman Brothers subsidiary Lehman Re because it has been under-utilised.
12 May 2008
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