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Beazley sets up political risk division
Lloyd's (re)insurer Beazley Group has set up a new division focusing on political and contingency risks.
11 February 2008
Reserve releases boost Bermudians
Sustained profit performance bolstered by prior-year reserve releases emerged as a common theme among Bermudians reporting fourth quarter and full year 2007 results.
11 February 2008
London News Digest
ECF figures improve after re-audit; P&I reinsurance structure static, but costs rise; Lloyd's capacity static for 2008; THB finalises PWS deal...
11 February 2008
UK courts recognised by US in Highlands insolvency
A New York court has recognised the jurisdiction of the UK courts in the insolvency of run-off insurer Highlands Insurance Company (UK) Ltd.
11 February 2008
IFEX gains trading traction
In January, IFEX saw trading volumes increase and added depth to the market with the partnership of Swiss Re as market maker.
11 February 2008
Mixed quarter for Bermudians as reserve releases cushion soft market fall
In contrast to its troubled rival, ACE Ltd - which was set up with XL on Bermuda in the mid-'80s - reported record full year 2007 net income of $2.58bn, up 12 percent on the prior year...
11 February 2008
Brown & Brown to establish London presence
US retail broker Brown & Brown is poised to launch an EC3 platform, called Decus Insurance Brokers Ltd, which is likely to draw business away from independent wholesalers who currently access the London market on its behalf.
11 February 2008
Aon undergoes major restructuring; posts steady results
Broking giant Aon Corp has unveiled a major restructuring with the formation of a new global retail business led by Steve McGill, the current head of the firm's Americas division.
11 February 2008
Sciemus to launch power MGA
Sciemus Ltd is set for a 1 March underwriting start in the power market, after securing capital for the venture, The Insurance Insider can reveal.
11 February 2008
New capacity closes on Lloyd's RITC deals
Finality expected on some of the market's kitchen sink years
11 February 2008
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