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HRH buys Bank of America insurance agency
US broker Hilb Rogal & Hobbs (HRH) is expected to complete the purchase the Banc of America Corporate Insurance Agency (BACIA), which manages over $1.2bn in commercial insurance and...
17 September 2007
Humberto losses under $1bn
Catastrophe modelling firm EQECAT has estimated that insured losses caused by Hurricane Humberto will be less than $1bn.
17 September 2007
Aon recruits JLT power exec
Hamish Roberts has resigned from JLT Agnew Higgins to head up Aon's expansion into the power sector.
17 September 2007
Liability claims roll in as sub-prime hits insurance sector
The (re)insurance industry has begun to feel the shockwaves from the sub-prime crisis as management liability claims trickle into the market.
17 September 2007
Hardy 'unperturbed' by soft market
Lloyd's insurer Hardy Underwriting Group plc remained upbeat despite pricing pressures as it posted a 49 percent increase in its pre-tax profits for the half-year.
17 September 2007
Investments drive Novae profits leap
Lloyd's insurer Novae Group plc's investment performance has helped the firm beat analysts' forecasts and post a 22 percent improvement in its first half pre-tax profits.
17 September 2007
2008 renewal rates could plummet by as much as 20 percent
Despite reinsurers generally agreeing that rates in the softest reinsurance lines such as aviation and US casualty will fall by around 10 percent next year, a leading figure in the sector has warned that this figure be significantly higher at renewal.
17 September 2007
Flagstone builds Swiss presence; Endurance considers Zurich move
"Class of 2005" alumnus Flagstone Re is the latest Bermudian to build a significant presence in Switzerland, with the appointment of Guy Swayne as CEO of its newly capitalised subsidiary.
17 September 2007
WürttUK team to launch £125mn Lloyd’s syndicate
A new £125mn capacity syndicate headed by WürttUK managing director Stephen Redmond is at the final stages of seeking approval from Lloyd’s franchise performance directorate, Insider Week can reveal.
17 September 2007
Axiom launches new cat claims system
(Re)insurance consultancy, Axiom, has launched a new claims management service to enable reinsurers to respond effectively in the wake of a major catastrophe.
17 September 2007
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