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Analyst bullish on Omega's prospects
Shares in Bermuda-based Omega Insurance Holdings "justify a premium rating" regardless of takeover bid speculation, according to Numis Securities analyst Nick Johnson.
31 March 2008
Alea finance director resigns
Alea group CFO and COO, Kirk Lusk, has resigned from the Bermudian-headquartered run-off company.
31 March 2008
FSA admits Northern Rock failings
The Financial Services Authority (FSA) has admitted to failings in relation to the meltdown at Northern Rock and has pledged to improve its supervision levels.
31 March 2008
Energy losses wipe out (re)insurers' profits
This year's onshore energy losses have wiped out the profits made by (re)insurers that have enjoyed the post-2005 hard market, according to a report by broker Lloyd & Partners.
31 March 2008
Japan follows downward rate trend
Reinsurers have seen rates fall by up to 10 percent during the 1/4 Japanese renewal season, according to reinsurance broker Guy Carpenter.
31 March 2008
Broker Cobra achieves growth in 'adverse' conditions
UK broker Cobra Holdings plc has reported a 56 percent increase in operating profit for the 12 months to 31 December 2007, boosted by growth in its network and underwriting agency divisions.
31 March 2008
Glacier Group launches London operation
Swiss-headquartered (re)insurer Glacier Group has launched its new London underwriting operation, as predicted by Insider Week in January.
31 March 2008
Silverstein claiming $12.3bn from airlines
World Trade Center developer Larry Silverstein, who already successfully claimed $4.55bn from (re)insurers following the 11 September attacks, is seeking a further $12.3bn in damages from airlines and airport security companies.
31 March 2008
Broker consolidation to continue despite credit crunch
Lloyd's brokers expect consolidation to continue over the next three years, despite the majority expressing concern that the credit crunch would impact broker valuations.
31 March 2008
Positive outlook for Max Capital
Ratings agency Standard & Poor's (S&P) has revised its outlook to Positive from Stable for Bermudian Max Capital Group Ltd following the firm's increased diversification and strong capitalisation.
31 March 2008
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