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Floods: the rising tide
UK composites confirm rate rises after heavy flood losses
09 August 2007
Lloyd's 2008 capacity set to fall as market softens
The early signs are that Lloyd's capacity will be reduced next year as (re)insurers brace themselves for the softer market that appears to be on its way.
09 August 2007
Lloyd’s continues to draw M&A interest
Tolle commitment adds stability for potential buyers
09 August 2007
Kiln underwriter joins Peleus Re
Andrew Carrier, the former active underwriter of Kiln’s Lloyd’s Syndicate 557 and the reinsurance division of its Syndicate 510, will join Bermudian firm Peleus Re later this year.
08 August 2007
July floods cost R&SA a further £65mn
On reporting a £120mn combined flood loss for June and July, UK (re)insurer Royal & Sun Alliance (R&SA) revised its combined ratio expectation upwards to 96 percent for the full year.
08 August 2007
MMC reports sluggish broking revenues
Marsh & McLennan Companies Inc (MMC) reported slow second quarter revenue growth in its broking division as new business wins were offset by the softening commercial (re)insurance market.
07 August 2007
UK insurers attacked for 'knee-jerk' rate hikes
The British Insurance Brokers' Association (BIBA) has criticised UK insurers for announcing rate hikes following this summer's floods.
06 August 2007
Feuer to head up Marsh’s US business
Marsh Inc has appointed Mark Feuer as the new CEO of its US business with responsibility for day-to-day operations.
06 August 2007
'Another strong quarter' from Willis
Broker Willis Group Holdings reported net income of $78mn, or $0.54 per share, 8 percent up on the prior-year period in what was described as "another strong quarter" for the firm as it announced its interim results last week.
06 August 2007
Industry leaders to debate trading reinsurance risk
The Insurance Insider's pre-Monte Carlo Rendez-Vous executive briefing has drawn together a unique set of speakers to discuss "Trading Risk" – and subscribers are being given priority for this free-to-attend event.
06 August 2007
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