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  • Reinsurance broker Guy Carpenter is developing five different trading indices with the first European index looking to go live as early as six months time.
  • Cullum Capital Ventures (CCV), part of the Towergate group, has recruited two teams from troubled property services group Erinaceous.
  • “Class of 2005” insurer Lancashire Holdings Ltd said the third quarter had been its “best yet” with net income of $105.2mn up 100 percent from $52.6mn in the prior-year period.
  • Lloyd's broker Oxygen has announced the formation of a new specialist team in partnership with CRS Yachts Ltd, an insurance broking team servicing the superyacht industry.
  • Ark Syndicate Management, the private equity backed Lloyd's insurer formed in March from a team of senior underwriters who resigned from Aspen Insurance Holdings last year...
  • Amlin Bermuda (ABL) has been upgraded to A (Excellent) from A- (Excellent) by ratings agency AM Best after "conservative implementation" of its business plan and a strong performance from the group's Lloyd's syndicate.
  • Despite a drop in gross written premiums for the third quarter of 2007, US commercial lines insurer WR Berkley reported net income of $180mn or 93 cents per share, buoyed by a...
  • UK flood losses of $11.4mn during the third quarter failed to dampen Bermudian firm Montpelier Re's net income of $101.3mn, up from $83.4mn in the prior-year period.
  • Deccan Value Advisors LP, the hedge fund which specialises in buying firms that look under-priced, has continued to build its stake in the UK quoted reinsurance intermediary, Benfield Group.
  • German insurance giant Allianz SE is expected to launch a new issue of European peril catastrophe bonds through a newly created vehicle, Blue Fin Ltd, Insider Week understands.