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Centrewrite joins Lloyd's RITC capacity
Lloyd's own run-off arm Centrewrite has joined the queue of capacity prepared to offer reinsurance-to-close (RITC) quotes for "open year" syndicates.
09 November 2007
Insurance law firms to merge
London-based law firm Kendall Freeman has been looking for a partner for some time and so seasoned watchers were not surprised by its proposed tie-up with the US firm Edwards Angell Palmer & Dodge LLP (EAPD)...
09 November 2007
London reinsurers lose North Korean appeal
London market reinsurers led by Allianz have had their appeal dismissed against the striking out of significant parts of their defence in the controversial EUR44.3mn dispute with the North Korean national insurer.
09 November 2007
QBE Limit/Markel bond 'fraud' showdown next year
QBE Limit and Markel International's UK High Court showdown with broker Surety Guarantee Consultants Ltd (SGC) and other defendants over construction bond fraud allegations has been postponed until next year.
09 November 2007
Guy Carpenter develops long-tail casualty hedge product
Reinsurance broker Guy Carpenter is developing a product to allow (re)insurers to hedge the risk of under-reserving on long-tail casualty lines of business.
09 November 2007
Lehman Bros takes principal risk
Lehman Bros has been given the green light by the Financial Services Authority to begin trading at its subsidiary Libero Ventures Ltd, which aims to transfer "vanilla" exposures by employing securitisation...
09 November 2007
Summer madness has not dimmed cat bond fervour
Catastrophe bond issuance has resumed after a hiatus during the traditionally quiet summer period for insurance-linked securities (ILS) - overshadowed by the post sub-prime credit crisis - as the market awaits...
09 November 2007
Berkshire Hathaway cuts underwriting on increased competition
Although Berkshire Hathaway reported a 64 percent hike in third-quarter net income, underwriting profits from its (re)insurance operation nearly halved, from $917mn to $486mn.
09 November 2007
Mainsail II rescue bid fails
An attempt by Barclays Capital to rescue ailing structured investment vehicle (SIV) Mainsail II failed last month.
09 November 2007
Doyle departs Aon for Willis
The aviation sector's broker merry-go-round continues as Steve Doyle, manager of Aon's Aviation and Aerospace Global Practice Group, has resigned his post and is heading to rival Willis Group Holdings.
09 November 2007
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