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Profits leap at Royal & Sun Alliance
UK insurer Royal & Sun Alliance (R&SA) reported a £685mn leap in its full year after tax profits. After tax profits were £605mn last year, a marked improvement on 2004’s £80mn loss. Profits before tax rose to £865mn in 2005 from £80mn the previous...
13 March 2006
Liberty signs up Intelsat expertise for space underwriting
Liberty Syndicate Management has signed up satellite manufacturer Intelsat Corp to provide technical support to its satellite insurance underwriting.
09 April 2010
IPC rejects revised Validus terms, begins new CEO search as board crunch looms
The board of in-play Bermudian catastrophe reinsurer IPC Holdings has rejected a revised offer for the company from compatriot (re)insurer Validus Holdings.
23 June 2009
Hannover Re renews K6 sidecar
German reinsurer Hannover Re has expanded its K6 sidecar vehicle by $152mn to offer $329mn of total capacity for its catastrophe retro business in 2010.
04 February 2010
Sequel lands Willis deal
Specialist (re)insurance IT solutions provider Sequel Business Solutions has signed up Willis group Services in a significant deal that will see the world’s third largest broker use its Eclipse Broking solution.
13 July 2006
German industry objects to Fitch’s unsolicited ratings
Fitch Ratings has found itself embroiled in a dispute with the German Insurance Industry Association GDV over its plans to publish unsolicited ratings on hundreds of European insurers.
17 January 2005
Novae sees average 5% rate rises; investment outperformance continues
Novae Group – the Lloyd's insurer which withdrew from merger discussions with rival Chaucer Insurance Holdings earlier this year – increased its revenues by almost a third, posted another impressive return from investments and said it was enjoying rate ri
29 April 2009
London News Digest - December 2004
In our regular monthly News Digest, we round up key stories from the last month, presenting them to you in easily digestable snippets.
01 December 2004
More light shed on 2008 Quinn Insurance fines
Media reports have provided fresh background on the EUR3.25mn fine imposed by the Irish financial regulator on compatriot insurer Quinn Insurance (QIL) in 2008.
10 February 2010
GAUM leads $65mn FedEx Tokyo aviation loss
London-based aviation MGA, Global Aerospace Underwriting Managers (GAUM) is the lead insurer and Aon the broker for the Federal Express (FedEX) cargo plane that crashed at 0650 local time today (23 March) at Tokyo's Narita airport
23 March 2009
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