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Endurance considers Zurich base for Continental expansion
Bermudian Endurance Specialty Holdings Ltd is set to open an office in Continental Europe, with the fast-growing (re)insurance hub of Zurich the likely target, according to sources.
11 September 2007
Roberts quits JLT for Aon
Hamish Roberts has resigned from JLT Agnew Higgins to head up Aon’s expansion into the power sector.
11 September 2007
Zurich estimates $260mn July UK flood loss
Swiss (re)insurance giant, Zurich Financial Services Group, has revealed a net loss estimate of $260mn for the UK July floods, bringing the group’s total tally for this summer’s events to $660mn.
11 September 2007
Scottish Re issues $555mn Triple-X life securitisation
Bermudian life reinsurer, Scottish Re Group has closed a $555mn Triple-X life securitisation through its subsidiary Clearwater Re.
10 September 2007
NAIC proposes collateral rule change
The National Association of Insurance Commissioners (NAIC) has proposed a rule change to the collateral requirements made on "alien" reinsurers.
10 September 2007
SEC subpoenas Greenberg
Former American International Group (AIG) supremo Maurice “Hank” Greenberg has been subpoenaed by the Securities and Exchange Commission (SEC) as part of its investigation into alleged accounting irregularities at the firm.
10 September 2007
Premium up but profit down as Catlin absorbs merger costs
Bermuda-based (re)insurer Catlin Group reported 29 percent first-half premium growth following its acquisition of Wellington Underwriting, but profits fell as a result of the deal’s expenses.
10 September 2007
Chaucer profits up 89.3 percent for first half of 2007
Specialist Lloyd’s insurance group Chaucer Holdings plc announced continued strong financial performance, with pre-tax profit of £47.9mn, despite softening rates across most lines of business.
10 September 2007
Chaucer profits up 89.3 percent for first half of 2007
Specialist Lloyd’s insurance group Chaucer Holdings plc announced continued strong financial performance, with pre-tax profit of £47.9mn, despite softening rates across most lines of business.
10 September 2007
Munich Re threatens terror withdrawal over state pools
Munich Re has threatened to withdraw cover from markets abandoning state terrorism pools.
10 September 2007
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