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Kiln strengthens aviation team
Lloyd's insurer Kiln plc revealed last week that it had bolstered its aviation presence with the appointment of underwriter Philippe Daouphars to write a European account.
30 April 2007
Lloyd’s parts company with senior exec
Steven Haasz - an influential figure in driving market reform at Lloyd's - resigned from the Corporation last week only days after the Society was upgraded to A+ by Standard & Poor's citing "unstoppable momentum behind improving London market business pro
30 April 2007
Swiss Re to be bolstered by £250mn ‘Gherkin’ gain
Swiss Re’s first quarter result will benefit from a capital gain of £250mn following the £600mn sale of its “Gherkin” office building in London, according to analysts.
30 April 2007
Aspen buys $1bn in securitised cat cover
Bermudian reinsurer Aspen Insurance Holdings Limited has returned to the capital markets with two securitisation deals that will provide it with over $1bn in hurricane and earthquake cover.
27 April 2007
IXIS finally launches Pentelia with $600mn
It was at least a year in development, but Paris-based IXIS Corporate and Investment Bank has finally launched its new Bermudian reinsurer and its insurance linked securities fund with some $600mn of capital.
27 April 2007
Willis exceeds forecasts despite declining rates
It could prove to be a tough year for brokers but Willis Group Holdings Ltd showed yesterday evening that it was still able to grow revenues and profits despite falling rates.
26 April 2007
Top lines suffer as A J Gallagher and HRH feel softening market
US-based brokers Arthur J Gallagher & Co (AJG) and Hilb Rogal & Hobbs (HRH) disappointed analysts with first quarter profits down on expectations as the top line suffered from the impact of declining insurance rates.
26 April 2007
ACE outdoes XL on expenses as Bermudians report strong profits
Bermudian giants ACE Ltd and XL Capital reported analyst-beating first quarter profits, but the companies’ performance has met with a mixed response from analysts.
25 April 2007
Haasz resigns from Lloyd’s
Steven Haasz – a key figure in driving market reform at Lloyd’s – has resigned, just days after the Society was upgraded to A+ by Standard & Poor’s citing “unstoppable momentum behind improving London market business processes”.
25 April 2007
RMS launches parametric wind index
Cat modelling specialist Risk Management Solutions (RMS) has launched a new parametric index it says will help draw more emerging capital markets players into the catastrophe risk arena.
25 April 2007
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