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Bermuda move ‘pays off handsomely’ for Hiscox
The decision of Lloyd's insurer Hiscox Ltd to open a Bermudian underwriting platform has "paid off handsomely", according to Robert Hiscox, the firm's chairman.
12 March 2007
Catlin in £16mn settlement with Wellington Names
Catlin Group has agreed to pay £16mn to Names who traded Wellington capacity in the Lloyd's auctions last year before the two insurers announced they were in takeover talks.
12 March 2007
Lloyd’s results reviewed: week one
Markets responded in mixed fashion to the UK-listed insurers last week as consensus-beating figures didn't always translate to corresponding share performance.
12 March 2007
George and Jacob hit Australia
Western Australia has been hit by two cyclones, George and Jacob, over the past few days as the warning signs to (re)insurers that the wind could return with vengeance this year continue.
12 March 2007
R&SA slips to £20mn loss after US disposal
UK general insurer Royal & Sun Alliance (R&SA) saw its 2006 results slip into the red following the successful completion of the sale of its legacy US business, Arrowpoint Capital.
12 March 2007
Hub succumbs to private equity overtures
Hub International became the latest sizable broker to be acquired by private equity investors when the Chicago-headquartered firm agreed to a $1.7bn deal ($1.8bn including debt) with Apax Partners and Morgan Stanley.
09 March 2007
Talbot looks to reap rewards from sale
After a good 2006, Talbot raises the ‘for sale’ sign. Its timing could be perfect…
09 March 2007
Hannover Re completes two more securitisations
German reinsurer Hannover Re completed two more innovative securitisations that laid-off its recoverables and property catastrophe exposures to the capital markets.
09 March 2007
Lloyd’s insurers soar to record profits
The reporting season may have crossed the Atlantic from Hamilton to London but the pattern has remained the same as few catastrophes and low claims fuel record profits.
09 March 2007
Aon recruits Heath exec
Aon has confirmed the arrival of Steve Redgwell as head of broking for its Commercial Insurance division.
09 March 2007
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