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Highlands UK files for insolvency
Run-off insurer Highlands Insurance Company (UK) Ltd will apply for insolvent administration at the High Court today (1 November).
01 November 2007
Endurance boosts 3Q income despite revenue fall
Bermudian (re)insurer Endurance Specialty Holdings has reported a rise in income against a background of falling written premiums in the third quarter.
01 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.
31 October 2007
S&P sounds note of caution over continued rates decline
Ratings agency Standard & Poor’s (S&P) has warned that if rates in most classes continue at their present level beyond mid-2008, then it may downgrade the outlook for a number of industry sectors.
31 October 2007
Talbot latest to make Lloyd’s Asia move
Validus Holdings-owned Talbot Underwriting has become the latest Lloyd’s insurer to launch an Asian venture through the Corporation’s Singapore platform.
31 October 2007
Aon to lose 2,700 jobs
Broking giant Aon is to lose 2,700 jobs in another wide-ranging restructuring that aims to save an annual $240mn by 2010.
31 October 2007
MAPFRE makes $2.2bn US acquisition
Spain’s largest (re)insurer, MAPFRE SA has agreed to buy Massachusetts-based non-life personal lines insurer The COMMERCE Insurance Company in a $2.2bn (EUR1.5bn) cash deal.
31 October 2007
Towergate firm swoops for Erinaceous teams
Cullum Capital Ventures (CCV), part of the Towergate group, has recruited two teams from troubled property services group Erinaceous.
30 October 2007
Third quarter is ‘best yet’ for Lancashire; confirms share buyback
“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.
30 October 2007
Edwards Angell confirms Kendall Freeman merger
Insurance specialists Edwards Angell Palmer & Dodge LLP (EAPD) and London-based Kendall Freeman have confirmed plans to merge the two law firms today (30 October), as predicted by The Insurance Insider last week.
30 October 2007
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