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THB forms underwriting arm
Specialist UK broker THB Group plc has become the latest intermediary to launch an underwriting operation as it looks to develop its revenue streams at a time of softening rates.
21 January 2008
Batchelor returns to UK as part of Marsh reshuffle
David Batchelor, Marsh's head of Asia Pacific, is to return to the UK as CEO of its operations in Europe, the Middle East and Africa (EMEA) as the broker's new CEO Dan Glaser continues to reshuffle his team.
21 January 2008
Canopius launches Irish structured reinsurance unit
Private equity-backed Lloyd's insurer Canopius Group Ltd is continuing its expansion strategy with a Dublin-based operation that will initially specialise in structured reinsurance.
21 January 2008
Higher commodity prices may fuel energy losses
The rapid rise in commodity prices is fuelling an increase in insured assets on energy risks, which is expected to spill over into higher losses in the sector, according to Phillip Ellis, chairman of broker Willis Energy.
21 January 2008
R&SA to roll-out China presence
UK general insurer Royal & Sun Alliance plans to open offices in key provinces across China starting this year.
21 January 2008
Ambac cancels capital raising to leave ratings on the brink
Monoline bond insurer Ambac Assurance Corporation and subsidiary Ambac Assurance UK Ltd are on the brink of being downgraded after it cancelled its $1bn capital raising plans.
21 January 2008
AM Best affirms property cat specialist New Castle Re
AM Best has affirmed the A- financial strength and a- credit ratings of "Class of 2005" Bermudian property cat reinsurer New Castle Reinsurance Company Ltd, based on strong performance since its launch.
21 January 2008
Napier tells court that finite deal 'had a stench to it'
The testimony of former General Re senior vice president Richard Napier continued at the trial of five executives over an allegedly sham finite reinsurance deal with American International Group (AIG).
21 January 2008
Aon swoops for RK Harrison fac leader
Aon has further bolstered its facultative division with the capture of RK Harrison’s head of London market fac business, Matthew Barnes, The Insurance Insider has learned.
21 January 2008
Allstate wins reprieve against Florida suspension
US insurer Allstate Corp has been granted a ten-day stay against a suspension order from the Florida Office of Insurance Regulation (FOIR), enabling it to continue writing new business in the state while it provides the regulator...
21 January 2008
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