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  • Bermuda-headquartered Lloyd’s insurer Hiscox Ltd has begun a share buyback scheme after purchasing 839,699 ordinary shares.
  • 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.
  • US insurer Chubb last week reported $808.8mn in net income for 2003, a 262.9 percent increase on 2002.
  • 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.
  • 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.
  • 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.
  • Bermudian ACE's London market operation has poached Kiln underwriters Mark Adams and Richard Bayman to bolster ranks in its aviation division.
  • 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.
  • 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.
  • 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..