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Japan counts cost of catastrophes
Loss estimates from the recent earthquakes and typhoon that have hit Japan continue to spread as insurers count the cost.
23 July 2007
Atrium deal to test Names’ capacity valuations
The value of Names’ right to participate on Lloyd’s syndicates could be put to the test after the £193.2mn deal between Bermudian firm Ariel Re and Atrium Underwriting plc (see article 2).
23 July 2007
JLT buys Park Bermuda for $11.8mn
UK-listed broker Jardine Lloyd Thompson (JLT) has expanded its Bermudian operations with the acquisition of Park (Bermuda) Ltd (Park) for up to $11.8mn cash.
23 July 2007
UK summer floods to cost insurers over £2bn
Further widespread flooding over the weekend will push the combined cost of the summer floods in the UK to well in excess of £2bn, according to Geoff Bromley, non-Americas chairman of reinsurance broker Guy Carpenter.
23 July 2007
ARC makes additions to board
The Association of Run-Off Companies (ARC) has announced a number of changes to its board adding three new appointments while its deputy chairman, Peter Abbott, has stepped down.
23 July 2007
GLM scheme sanctioned by court
A solvent scheme of arrangement for the reinsurance business written through the GLM Pool was sanctioned by the UK High Court in London earlier this month.
23 July 2007
Lancashire enters $200mn credit facility
"Class of 2005" insurer Lancashire Holdings Ltd has taken advantage of a favourable credit environment to refinance an existing $350mn letter of credit facility.
23 July 2007
Catlin boosts aviation team
Bermuda-headquartered (re)insurer Catlin Group announced the appointment of a new aviation team head, based in Paris.
23 July 2007
Amlin latest Lloyd’s insurer to look east
Lloyd's insurer Amlin plc's announcement of plans to set up a Singapore office is the latest in a series of moves by market participants and the Corporation to directly access business in the Asia Pacific region.
23 July 2007
Belgian losses at EUR213mn from Kyrill
Insured losses in Belgium from January’s Windstorm Kyrill have reached EUR213mn, according to the Belgian insurer association Assuralia.
23 July 2007
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