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Guy Carpenter to open Prague office
Reinsurance broker Guy Carpenter is to set up an office to capitalise on the growing central and eastern European market.
14 January 2008
Alea to book $8.8mn hit following major commutation
Run-off (re)insurer Alea Group Holdings has agreed to "fully and finally" commute all exposures under an excess-of-loss reinsurance treaty which will see the firm record a net loss of around $8.8mn in the 2007 fourth quarter.
14 January 2008
Asbestos liability (re)insurer in Bermuda launch
Bermudian corporate asbestos liability risk reinsurer St George Re is set to begin trading offering US companies protection against asbestos claims, the company confirmed.
14 January 2008
Glencairn parts with managing director
Angus Simpson has resigned as managing director of London market broker Glencairn Ltd after 10 years at the firm.
14 January 2008
Amlin premiums down 7 percent at 1/1
Lloyd's insurer Amlin plc has seen its premium income drop 7 percent so far at the January renewals reflecting weaker market conditions.
14 January 2008
Aon places 80 percent of London renewals through RI3K
Aon Ltd completed as much as 80 percent of its London market 1 January treaty reinsurance renewal placements electronically through the RI3K trading platform, according to the broker.
14 January 2008
UK insurance valuations still ahead of transatlantic rivals; M&A set to continue
Despite falls in UK insurance stocks over the last six months, valuations broadly remain ahead of their US and Bermudian property casualty counterparts, according to research by Numis Securities.
14 January 2008
Citizens considers reinsurance as state issues subpoenas
Florida's insurer of last resort, Citizens Property Insurance Corp, is mulling the prospect of buying reinsurance cover to protect itself against this year's hurricane season, Insider Week can reveal.
14 January 2008
Legal Briefings
Our monthly column keeping a check on recent US and EU legislative and regulatory developments, in association with Sidley Austin LLP
14 January 2008
Day of reckoning looms for troubled XL
With a falling share price, the Bermudian insurer is under pressure to find a new leader and resolve its SCA dilemma
14 January 2008
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