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  • Canadian combine Fairfax Financial Holdings announced on 23 November estimates of $200mn pre-tax group losses caused by Hurricane Wilma. Although the figure falls to $112mn after tax Fairfax added that calculations could not be made with “a high...
  • The steady flow of senior executives leaving troubled insurance giant American International Group (AIG) continued with the departure of David Jordan from AIG subsidiary Lexington Insurance Company.
  • Despite a drop in gross written premiums for the third quarter of 2007, US commercial lines insurer WR Berkley reported net income of $180mn or 93 cents per share, buoyed by a...
  • The independent London market broker Glencairn Ltd has parted company with its compliance officer Chris Goodeve-Ballard.
  • August saw little let up in the industry's enthusiasm for non-traditional reinsurance vehicles so The Insurance Insider's forthcoming Contingent Capital & Securitisation event is perfectly timed.
  • CastlePoint Insurance Company, the US subsidiary of Bermudian (re)insurer, Castlepoint Holdings Ltd announced a risk sharing agreement with a Florida-based workers’ compensation and commercial auto specialist, AequiCap Insurance Company and its subsidiary
  • US giant American International Group (AIG) reported a rise in its 2007 net income and announced an $8bn share buyback scheme.
  • Omega Underwriting Holdings Plc became the latest Lloyd’s insurer to become publicly listed when trading began in its shares on the London Stock Exchange’s Alternative Investment Market last week.
  • Lloyd’s insurer Wellington Underwriting restored its dividend to shareholders last week following a sharp rise in interim profits.
  • Lloyd's insurer Advent Capital (Holdings) plc revealed a welcome return to profit after the devastations of the 2001 underwriting year. The former BF Caudle agency is forecasting a strong profit of 25 percent on the 2002 year of its Syndicate 780, but