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  • The expansive insurance group Brit announced this week that it has acquired renewal rights to the property insurance portfolio of Creechurch Underwriting, the small Lloyd’s insurer.
  • Aon Ltd has recruited ZFS executive Mark Chessher to become its chief financial officer later this year.
  • HCC Insurance Holdings, Inc has become the latest (re)insurer to be frustrated by the post-US sub-prime crisis credit crunch as it axed a $300mn debt issue on Friday (21 September).
  • Despite the industry's difficult operating environment, many of the post 9/11 start up reinsurers are prospering, observed the rating agency Standard & Poor's today (9 September).
  • Zurich Financial Services (ZFS) has posted Q3 2003 profits of $701mn, compared with a net loss of $763mn for the same period in 2002.
  • Liberty Syndicates – one of the largest Lloyd’s (re)insurers – has parted company suddenly with its managing director Sean Dalton and head of underwriting Andrew Elliot, The Insurance Insider can reveal.
  • Lloyd's insurer Chaucer has said it aims to acquire the balance of £7.9mn of capacity on Syndicate 1084 through its subsidiary ALIT (No. 1) Limited.
  • Sebastian Hueskes, managing director and general manager of Munich Re, UK General Branch, has joined the board of Illium Managing Agency as the German reinsurer’s representative. The appointment follows the previously reported co-insurance...
  • US property/casualty insurers are expected to pay homeowners and businesses an estimated $1.125bn for third-quarter property losses, according to preliminary analysis by ISO’s Property Claim Services (PCS) unit.
  • Bermudian reinsurer Endurance Specialty Holdings has elected William Bolinder as chairman of its board of directors