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Last of Independent trio takes stand
Former Independent Insurance finance director Dennis Lomas became the last of the firm's trio of senior executives to take the witness stand last week.
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
US sports MGA sells for $73mn
Illinois-based sports underwriter Pro Financial Services Inc was sold last week for $73mn - the equivalent of over seven times "base" earnings.
17 September 2007
Former Brit CEO to launch cat futures trading
Deutsche Bank is set to launch the trading in catastrophe event-linked futures on the Chicago Climate Futures Exchange (CCFE) later this month, in conjunction with former Brit Insurance chief executive Neil Eckert.
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
EU probe may shake up subscription market
The European Commission's (EC) long-awaited final report into business insurance could see a shake-up of the London subscription market if it takes action against the practice of co-insurance.
17 September 2007
Towergate denies debt discussions
UK consolidation giant Towergate has denied suggestions that it is poised to refinance its debt structure or raise further funds to pay for future acquisitions.
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
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
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