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No buyback despite record Generali profits
Italian (re)insurance giant Generali disappointed analysts by failing to announce a special share buyback scheme despite reporting record net profits of EUR2.4bn for 2006, a rise of 25.3 percent.
26 March 2007
Catlin to speak at The Insurance Insider’s capital management event
Stephen Catlin, the founding chief executive of insurance group Catlin Group plc, is the headline speaker at The Insurance Insider's Capital Management Executive Briefing event next month.
26 March 2007
Flagstone to IPO this week
Bermudian Flagstone Reinsurance Holdings Ltd is expected to make its debut on the New York Stock Exchange this Thursday (29 March) as the (re)insurer goes ahead with its long-awaited $202mn IPO.
26 March 2007
Lloyd's insurers raise dividends following bumper year
Lloyd's-based insurers joined their peers in Europe and across the Atlantic in giving additional capital back to their shareholders.
26 March 2007
Plumeri embraces principles
A principles-based rather than a rules-based approach – not just to regulation but to running the entire industry – should be embraced by the industry, according to Joe Plumeri, chairman and CEO of Willis.
26 March 2007
Benfield bolsters Asia-Pacific fac team
Reinsurance broker Benfield Group continues to bolster its Facultative Solutions teams after last year’s mass defection to rival Aon Corp.
26 March 2007
WFUM pool scheme companies to apply for court sanction
PRO Insurance Solutions Ltd, the proposed Scheme Manager of the WFUM Pools Scheme, has confirmed that the 14 WFUM pools scheme companies are applying to the UK High Court for approval.
26 March 2007
OIL charges more for hurricane exposures
The Bermuda-based energy mutual Oil Insurance Ltd will increase its aggregation limits for all risks to $750mn when the 2007 Atlantic hurricane season begins later this year.
26 March 2007
Xchanging announces IPO plans
Xchanging, the outsourcing firm which runs the London market’s back office, has confirmed its plans to float on the London Stock Exchange.
26 March 2007
Hiscox calls for partnership with brokers
The insurance industry needs a real partnership between underwriters and brokers if it is to progress, according to Hiscox Ltd's chairman Robert Hiscox.
26 March 2007
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