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Charman to step down because of divorce
Leading industry figure John Charman has cited his high profile divorce as the reason for his decision to step down from the company he founded, AXIS Capital Holdings Ltd. Bermudian (re)insurer AXIS has confirmed that the former...
08 February 2006
Hardy confirms halving of cat premium
Hardy Underwriting, currently being sold to CNA, cut its top line by 21.5 percent in the first quarter as it pulled back on catastrophe risk and exited other lines of business
17 May 2012
Global reinsurance body launched at Monte Carlo
An 11-strong group of reinsurers containing eight of the top ten global reinsurance groups and Lloyd's of London has used the Rendez-Vous to launch a worldwide body to represent the industry with a unified voice.
07 September 2009
SCB appoints PwC as administrators
Sphere Drake’s 8 July victory in the UK High Court over exposures to workers’ compensation carve-out reinsurance has forced the Lloyd’s broker Stirling Cooke Brown Insurance Brokers Ltd into administration.
21 July 2003
GoshawK shares collapse further on cash flow troubles
Shares in UK quoted GoshawK have collapsed almost 40 percent today to 5.75p as the company is no longer able to get access to funds in its Bermudian reinsurance arm Rosemont Re – which became the first industry casualty of this year’s storms when it...
03 November 2005
Amlin confirms takeover talks with Chaucer
Amlin plc has confirmed that it is in discussions with fellow Lloyd's insurer Chaucer plc about a possible takeover.
09 June 2005
Montpelier results balloon
Bermuda based Montpelier Re reported net income of $99.9mn for the final quarter, which helped the reinsurer unveil full year net earnings of $407.1mn for 2003.
16 February 2004
Gen Re judge denies mistrial motion
The judge in the trial of five executives charged with transacting an allegedly sham finite reinsurance contract between General Re and American International Group (AIG) rejected the defence's motion for a mistrial last week.
28 January 2008
Profits leap at Gallagher's UK arm
Pre-tax profits at AJ Gallagher's UK arm almost doubled in 2009, as it slashed costs and enjoyed modest revenue growth.
07 October 2010
Profits rise as AIG announces share buyback
US giant American International Group (AIG) reported a rise in its 2007 net income and announced an $8bn share buyback scheme.
05 March 2007
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