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Aspen goes full circle with Lloyd’s start-up
Aspen Insurance Holdings Ltd has become the latest Bermudian to establish a Lloyd’s presence with the launch of start-up Syndicate 4711.
31 March 2008
SCA junk downgrade to ‘weigh on’ XL shares
Fitch Ratings move to downgrade ratings on Security Capital Assurance Ltd (SCA) and its bond and financial guarantee (re)insurance subsidiaries to junk bond status may weigh on affiliated Bermudian (re)insurer XL Capital, according to analysts.
27 March 2008
AIG sues Greenberg over 'misappropriation' of shares
American International Group (AIG) has filed a lawsuit against its former CEO and chairman Maurice “Hank” Greenberg as part of its long-running legal battle over ownership of shares in the US giant.
27 March 2008
LMBC elects new chairman
Aon Limited deputy chairman Jonathan Palmer-Brown has been elected as chairman of the London Market Insurance Brokers’ Committee (LMBC).
27 March 2008
Gallagher completes reinsurance sale
US broker Arthur J Gallagher & Co has completed the $40mn divestment of its reinsurance arm to Aon Corp.
27 March 2008
Hiscox extends SME offering
Bermuda-headquartered Lloyd's (re)insurer Hiscox Ltd has teamed up with brokers Allison & Partners (A&P) to launch INSPIRE, providing specialist cover targeted at specialising in UK and European small to medium-sized businesses (SME).
25 March 2008
Class action pioneer latest to plead guilty
Class action pioneer Melvyn Weiss will plead guilty to making improper payments to clients in a kickback scheme, according to his lawyer.
25 March 2008
Cusack promoted to Aspen COO
Aspen Insurance Holdings Limited has promoted Julian Cusack to chief operating officer.
25 March 2008
Ratings boost for Hannover
German giant Hannover Re has received a ratings boost from Moody's Investors Service after the ratings agent upgraded the reinsurer's financial strength rating to A2, from A3 last week.
25 March 2008
Generali focuses excess capital on acquisitions
Italian insurance giant Generali will utilise its EUR3.2bn excess capital to target acquisitions next year, the firm announced.
25 March 2008
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