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Benfield shares slide after profits warning
Shares in reinsurance broker Benfield Group have fallen almost 8 percent to 280p in early trading today (10 December) after it made a profit warning this morning.
10 December 2007
Randall & Quilter confirms £70mn IPO
UK run-off firm Randall & Quilter Investment Holdings (R&Q) is looking to raise around £20mn when it lists on the London Stock Exchange’s Alternative Investment Market (AIM) later this month.
10 December 2007
UK motor insurance industry shielded by insurance reserve releases
Record reserve releases have helped disguise poor 2006 underwriting performance in the UK motor sector, according to analysis by financial services consultant Deloitte & Touche.
10 December 2007
'King of Torts' receives 15-year sentence
Louis Robles, known as the "King of Torts" has been sentenced to 15 years in jail and ordered to repay $13.5mn stolen from thousands of asbestos victims he represented.
10 December 2007
Admiral uses Part VII to close Lloyd's syndicate
UK insurer Admiral Group plc has successfully used the Part VII mechanism to transfer business from its Lloyd's Syndicate 2004 to Admiral Insurance Company and close the syndicate.
10 December 2007
Liberty scales back Lloyd's presence
Liberty Syndicates - one of the largest Lloyd's (re)insurers - has confirmed that it will reduce its capacity by 9.5 percent next year.
10 December 2007
Larger Norton Re II vehicle launched
UK (re)insurer Brit Insurance Holdings plc has invested in Norton Re II, a $118.2mn Bermuda-based sidecar-style vehicle launched to replace the original $107.7mn Norton Re which expires this year.
10 December 2007
Randall & Quilter confirms £70mn IPO
UK run-off firm Randall & Quilter Investment Holdings (R&Q) is looking to raise around £20mn when it lists on the London Stock Exchange's Alternative Investment Market (AIM) later this month.
10 December 2007
Insurers call on UK government to form long–term flood strategy
The UK government needs to develop a 25 year national flood strategy to help prevent a repeat of this year's devastating floods, a report by the Association of British Insurers (ABI) has warned.
10 December 2007
Hurrell to head AIRMIC
John Hurrell has been appointed CEO of the Association of Insurance and Risk Managers (AIRMIC) after a prolonged search following the departure of David Gamble this summer.
10 December 2007
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