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Towergate swoops for PMI provider
UK consolidator Towergate Partnership has acquired the private medical insurance (PMI) provider City & Suburban Health.
03 March 2008
Swiss Re stamps its mark on ILS space
Swiss Re has devised a new business model, with the aim of being "the first place companies turn to for solutions", according to the firm's CEO Jacques Aigrain.
03 March 2008
Beazley warns of squeeze on insurers
Lloyd's insurer Beazley has warned that the squeeze on commercial property insurers will become "extreme" as market discipline slips and rates continue to fall.
03 March 2008
ARC chairman moots run-off capital model
The Association of Run-off Companies (ARC) is canvassing members over the proposed development of a capital adequacy model to help firms in run-off deal with Solvency II requirements.
03 March 2008
Credit turmoil losses set to top $600bn, says UBS analyst
Losses from the global credit market crisis are set to top $600bn, with banks and brokers accounting for over half that figure, according to UBS analyst Geraud Charpin.
03 March 2008
Hiscox questions Lloyd's capacity strategy
Robert Hiscox, a former deputy chairman of Lloyd's and one of the most strident voices in EC3, has called the reduction of only 2 percent in the Society's capacity for 2008 "disappointing".
03 March 2008
Allianz sets up $4.5bn legacy unit
Allianz Global Corporate and Specialty (AGCS) has set up a Global Discontinued Business division to handle its vast legacy business, The Insurance Insider has learnt.
03 March 2008
Global Markets drives record profits at Hiscox
Bermuda-headquartered Lloyd's (re)insurer Hiscox Ltd has been propelled to a record full-year profit before tax of £237.2mn, up 18 percent, by the stellar performance of its Global Markets division.
03 March 2008
Judge limits NY Port Authority’s 9/11 claims
The Port Authority of New York and New Jersey’s claims stemming from 9/11 will be restricted to two buildings a judge has ruled.
03 March 2008
QBE shares slump as results miss targets
Shares in Australian (re)insurer QBE Group slumped after the company missed analyst profit estimates for 2007.
03 March 2008
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