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  • IPC Holdings Ltd celebrated its 10th anniversary last year but, upon revealing its results for 2003, showed investors it can still carve out book value growth as impressive as many of the younger Bermudians.
  • Specialty insurer Kiln has promoted Paul MacMillan to the role of active underwriter of its aviation division.
  • White Mountains Insurance Group is restructuring its reinsurance business by converting its Bermudian reinsurance arm into a branch of White Mountains Re Sirius.
  • Lloyd’s insurer Amlin has appointed Peter Tavner as deputy group actuary. Tavner joins Amlin from Lloyd’s Risk & Reserving Unit. Tavner has worked in the industry for 15 years for Commercial Union, Swiss Re and Lloyd’s and is a member of the...
  • World’s largest reinsurer Swiss Reinsurance Co reported record earnings of SFr1.3bn in the first quarter 2007, an increase of 54 percent over the prior-year period. Earnings per share rose 38 percent to SFr3.85.
  • Marsh's single-minded focus on cost-cutting has again borne fruit in its quarterly earnings, with its operating margin leaping from 10.6 percent to 18.2 percent in the second quarter.
  • Shares in IPC Holdings have continued to slip as the Bermudian cat reinsurer followed last week’s profits warning with confirmation of second quarter net hits of $62.6mn and $50.1mn respectively from UK and Australian storms and flooding in June.
  • Groupama SA is expected to be the next European insurer to launch a cat bond with its proposed securitisation of EUR200mn of French windstorm risk.
  • Argo Group has replaced the underwriting director of its Lloyd’s (re)insurance arm Heritage Managing Agency with the former Kiln reinsurance underwriter, Andrew Carrier.
  • Bermudian firm Aspen Insurance Holdings is to enter the Professional Liability Insurance market later this year through its UK operation.