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Ophelia’s impact limited; but Rita rings alarm bells
But hurricane season far from over... Hurricane Ophelia will create insured losses of no larger than $800mn, according to the latest estimates from catastrophe modelling firm AIR.
19 September 2005
Aon wins injunction in Alliant poaching case
A New York court has given Aon a victory in a long-running legal battle against rival broker Alliant by granting an injunction against former senior Aon construction broking executive Michael Cusack and his new employer.
28 December 2011
Lloyd's results show 2000 misery
Impressive turn-around in 2002 but 2000 yr figures deteriorate beyond £2bn mark Last month, The Insider’s analysis of the early 2000 results suggested that 11th quarter forecasts were unlikely to deviate significantly enough to push the loss for the y
01 April 2003
Reinsurance sale pushes Gallagher to loss
The sale of its London-headquartered reinsurance operations pushed US broker Arthur J Gallagher to a loss of $6mn for the first quarter despite a 10 percent rise in its revenues.
28 April 2008
Concord Re capitalised with $730mn
American International Group (AIG) has confirmed its sidecar Concord Re Ltd will have an initial capital of $730mn with equity funding provided by the US investor Chris Flower's firm JC Flowers & Co LLC.
04 September 2006
Assets grow as profits fall at Atrium
Atrium’s pre-tax profits fell to £13.4mn the company reported in its first-half results for 2005, down from a restated figure of £15.7mn for the same period in 2004. The Lloyd’s underwriter reported its interim results on 28 September with net...
03 October 2005
Mitsui Sumitomo claims Qatar first
Mitsui Sumitomo Insurance Company (Europe) Ltd (MSIEU) has received a licence from the Qatar Financial Centre on 17 December 2008, the first Japanese-owned company to do so, according to the firm.
09 February 2009
London News Digest - March 2005
In our regular monthly News Digest, we round up key stories from the last month, presenting them to you in easily digestable snippets.
17 March 2005
Former Heath boss takes charge of Willis’ UK operation
David Margrett, the former group chief executive of Heath Lambert, is to take over as chairman and CEO of Willis Ltd, the broker's UK operation.
29 January 2007
Quilter builds R&Q stake with new share purchase
The share price of Randall & Quilter (R&Q) has edged upwards this morning (2 May) following news that co-founder Alan Quilter has bought an additional 200,000 shares in the London-listed company
02 May 2013
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