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Gallagher Re loses key executive
Steve Taylor, business development officer for Gallagher Re, is leaving the reinsurance broker to join one of its clients, WR Berkley Corporation.
16 November 2007
Energy duo plan insurance start-up
Aon Natural Resources London chairman Tim Fillingham and ex-Navigators UK and Europe CEO David Hope are to set up a new insurance company focusing on energy and commercial property lines.
16 November 2007
XL set to renew Cyrus sidecar with $105mn
Bermudian reinsurer XL Capital is set to renew a slimmed down version of its Cyrus Re sidecar with $105mn in capital from three tranches of loans.
15 November 2007
Life business helps Zurich weather storms
Growth in its life business was the driving force behind a 25 percent rise in profits at Swiss insurance giant, Zurich Financial Services Group (ZFS), it reported today (15 November).
15 November 2007
Beazley announces £30mn share buyback
Lloyd’s managing agent Beazley is to continue the market trend for share buybacks after announcing the repurchase of £30mn, representing around 5 percent of the company’s issued share capital.
15 November 2007
SCOR profits on acquisitions
SCOR has booked net profits of EUR299mn for the year-to-date, up 93 percent on the prior-year period, along with top line growth boosted by the acquisition of Converium and Revios.
14 November 2007
Amlin to return £120mn in capital
Lloyd's insurer Amlin plc will return £120mn of capital to its shareholders due to its “financially robust position following a number of years of strong financial performance”.
14 November 2007
Inga Beale to join Zurich
Zurich Financial Services Group (ZFS) has named ex-Converium Holdings CEO Inga Beale as head of organisational transformation and mergers & acquisitions with effect from 1 January 2008.
12 November 2007
Munich Re sponsors 'realistic' earthquake model
European giant Munich Re has announced its support for a project to develop a “realistic” global, open-source earthquake model.
12 November 2007
Former HIH executive gets another year in jail
The Australian Supreme Court has sentenced Dominic Fodera, the former chief financial officer of failed insurance company HIH, to at least an extra year in prison.
12 November 2007
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