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Atrium profits increase 300 percent despite sluggish premium growth
Specialist Lloyd's (re)insurer, Atrium Underwriting reported pre-tax profits of £23.8mn for the first half of 2007, an increase of 300 percent on the same period last year.
24 September 2007
Charges dropped against Independent executive
Some of the charges against Independent Insurance's deputy managing director Philip Condon have been dropped this morning (24 September) on the instructions of the trial judge.
24 September 2007
Brit launches Gibraltar captive reinsurer
Brit Insurance Holdings plc is to form a Gibraltar based protected cell reinsurer which will provide reinsurance to the UK insurance group.
24 September 2007
Novae to close run-off syndicate as legacy outlook improves
Lloyd's insurer Novae Syndicates Ltd (NSL) plans to close the 2002 year of account on its run-off Syndicate 1241 into its Syndicate 2007, it revealed on Friday (21 September).
24 September 2007
HCC shelves $300mn issue on credit crunch
HCC Insurance Holdings, Inc has become the latest (re)insurer to be frustrated by the post-US sub-prime crisis credit crunch as it axed a $300mn debt issue on Friday (21 September).
24 September 2007
Butterworth takes up MD role at Pembroke
Pembroke Managing Agency, which was formed last year by Chaucer Syndicates in conjunction with Quanta Holdings, has appointed Mark Butterworth as its managing director.
24 September 2007
Tornadoes strike UK
A series of tornadoes struck towns across England this morning (24 September) damaging homes and vehicles.
24 September 2007
House of Representatives passes TRIA extension but Bill faces presidential veto
The House of Representatives approved a Bill on 19 September that would extend the Terrorism Risk Insurance Act (TRIA) for 15 years despite the White House stating it would veto proposals unless amendments are made.
24 September 2007
Heritage continues to boost profits
Heritage Underwriting Agency Ltd became the latest specialist Lloyd's insurer to publish sparkling interim results with profits climbing by as much as 250 percent to £10.5mn for the first half of the year.
24 September 2007
Benfield shares slip as Numis slashes target price
Shares in Benfield Group fell this morning after Numis Securities slashed its target price on the reinsurance broker amid revenue concerns.
24 September 2007
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