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Competition challenges top-line for US insurers
US insurers Chubb Corporation and WR Berkley reported profits up and premiums down for the first quarter of 2007.
24 April 2007
QBE Limit expands aviation team
QBE Limit has expanded its aviation team hiring Tony Ambrose as an underwriter for Syndicate 5555's Products and Airports team.
23 April 2007
Benfield leads on electronic trading
Reinsurance broker Benfield Group has successfully completed 98 percent of its 1/4 Japanese renewals electronically with the G6 group of Lloyd’s insurers.
23 April 2007
AM Best confirms Sellek appointment
AM Best has confirmed the appointment of former Lloyd’s commercial director Roger Sellek, a development first reported in Insider Week No 271.
23 April 2007
PartnerRe continues restructuring
PartnerRe has promoted Costas Miranthis to become deputy chief executive of its non-US operations, PartnerRe Global.
23 April 2007
Arch Re launches Fac operation
Bermudian reinsurer Arch Re has become the latest entrant into the burgeoning facultative reinsurance sector.
23 April 2007
AXA confirms Smart & Cook acquisition
AXA has confirmed its acquisition of the consolidator Smart & Cook as the French insurance giant becomes one of the UK’s leading SME insurance intermediaries.
23 April 2007
Underwriting key to capital management, says Catlin
The key to effective capital management in a softening market is underwriting discipline, according to Catlin Group CEO and deputy chairman Stephen Catlin.
23 April 2007
Allstate hit by $2.8mn Katrina verdict
US insurer Allstate Insurance has been ordered to pay $2.8mn to a Louisiana man whose home was destroyed by Hurricane Katrina.
23 April 2007
Xchanging cuts back on London policy checks
London market back-office service provider Xchanging Insurance Services (XIS) has announced it will significantly streamline the Lloyd’s Stage 2 policy wordings checks.
23 April 2007
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