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Arguments in store over $1.4bn Transocean fine
Drilling contractor Transocean is set for fraught discussions with lawyers and its liability insurance underwriters after agreeing with US authorities to pay a $1.4bn fine for its role in the 2010 Deepwater Horizon disaster.
07 January 2013
White Mountains to buy another AIG run-off unit
Bermudian White Mountains' specialist run-off acquisition arm has agreed a deal to buy a third American International Group (AIG) unit in the space of six months as it continues to make its presence felt in the legacy sector.
12 December 2012
LCL appoints former Euclidian chief
LCL Group – the run-off manager to debt collections specialist – has appointed former Euclidian Underwriting Ltd chief executive Andrew Holland to become chief operating officer.
04 April 2005
Beazley strengthens political risk team
Lloyd’s insurer Beazley Group plc has strengthened its political risk team with the appointments of Peter Jenkins and Marc Werblow.
18 December 2006
Mixed results for quoted run-off firms
Investment returns is continuing to be a clear differentiator for the quoted run-off firms that posted a mixed bag of 2010 interim results last month
10 September 2010
Heath Lambert to undergo another financial restructuring
UK broker Heath Lambert Group is set to undergo another capital restructuring only 18 months after a debt-for-equity deal with its bankers.
13 May 2005
SCOR wins cautious support
Rating agencies rallied around beleaguered SCOR after the French reinsurer had its EUR750mn rights issue endorsed by 91 percent of shareholders at an extraordinary general assembly last Monday (1 December) and announced a complete exit from credit derivat
08 December 2003
Chaucer-managed £80mn Quanta Syndicate 4000 finally confirmed
Quanta, the youngest of the post-9/11 start-ups, confirmed one of the market’s worst kept secrets last Thursday (9 December) as it announced the formation of a new £80mn capacity specialty lines syndicate at Lloyd’s under the leadership of Mark Wheeler an
13 December 2004
Japanese insurers expand in London; Aioi & Tokio Marine set up London operation
World’s largest insurer AIG has announced the acquisition of the insurance portfolio of the Royal & SunAlliance (R&SA) branch operations in Japan by its subsidiaries American Home Assurance Company and AIU Insurance Company.
22 November 2004
Arch increases Q1 reinsurance book by 25 percent
Arch increased its top line by 9.1 percent in the first quarter of 2013, driven by an aggressive expansion of its reinsurance book.
30 April 2013
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