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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
EQECAT includes storm surge in new hurricane model
Catastrophe modelling firm EQECAT has release its new Atlantic hurricane model, which includes storm surge for the first time.
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
Bermuda's Maiden reinsurer poised for $500mn+ IPO
Bermudian quota share start-up Maiden Holdings Ltd has filed for a $500mn+ initial public offering (IPO) which would see it list on New York's NASDAQ Exchange.
24 September 2007
Pru coup with Thiam hire
In a coup last week UK life insurer Prudential poached Tidjane Thiam, head of European operations at rival Aviva, to replace its outgoing finance director Philip Broadley.
24 September 2007
Insured losses under $250mn from Wipha
Insured losses caused by last week’s Typhoon Wipha, which hit China and brought heavy rain to Shanghai, are not expected to reach $250mn, according to catastrophe modelling firm AIR Worldwide.
24 September 2007
Class action king pleads guilty
Veteran class action lawyer Bill Lerach, who represented Enron investors and other shareholders suing large corporations, faces up to two years jail and will be forced to pay $8mn in fines after pleading guilty...
24 September 2007
Lloyd's hires from market to bolster reform push
Lloyd's has recruited a number of key London personnel to help the franchise in its continued bid to push process reform.
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
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