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Hiscox begins buyback scheme
Bermuda-headquartered Lloyd’s insurer Hiscox Ltd has begun a share buyback scheme after purchasing 839,699 ordinary shares.
01 October 2007
Watson leads Trenwick MBO; parent files for chapter 11
The future of Trenwick Managing Agents Ltd was secured last week, after the Lloyd’s insurer’s management agreed a buy-out from its distressed parent, Trenwick Group Ltd.
18 August 2003
Income, loss reserves surge at Chubb
US insurer Chubb last week reported $808.8mn in net income for 2003, a 262.9 percent increase on 2002.
09 February 2004
London 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 - a strategy that may be seen as a demonstration of commitment to underwriting discipline as the cycle turns.
05 April 2007
Argenta 2121 refocuses as Hyland departs
As revealed in Insider Week last Tuesday (30 May), Lloyd’s insurer Argenta Syndicate Management Ltd has parted company with its lead underwriter John Hyland after six years at the helm of its reinsurance focussed Syndicate 2121.
05 June 2006
Lockton ploughs £15mn into international arm
The Lockton family and private equity firm Stone Point Capital have injected fresh capital into Lockton International, the London-headquartered broker acquired in 2006, The Insurance Insider can reveal.
13 January 2009
ACE bolsters aviation corps
Bermudian ACE's London market operation has poached Kiln underwriters Mark Adams and Richard Bayman to bolster ranks in its aviation division.
26 February 2007
New AIRMIC chair to focus on SMEs
The new chairman of The Association of Insurance and Risk Managers (AIRMIC), Geoff Taylor, has pledged to make small and medium (SMEs) firms a priority during his tenure.
19 June 2006
Hiscox resolves WTC cloud - But may have to weather criticism that it manipulated WTC figures…
Quoted Lloyd’s insurer Hiscox plc announced bullish trading figures last week and took the opportunity to resolve the growing uncertainty over its World Trade Center provisions.
26 August 2003
Analyst boost for Beazley
Lloyd’s insurer Beazley received a welcome boost from analysts Numis Securities after it failed to gain investor backing for a new syndicate last month. Numis has upgraded its rating on Beazley shares from ADD to BUY and increased its price target on..
09 January 2006
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