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Greenberg appointed ACE chairman
Bermudian (re)insurer ACE Limited has appointed its CEO Evan Greenberg as chairman of the board from May this year.
05 March 2007
Hurricanes fail to blow Omega off course
Omega Insurance Holdings has closed the 2004-year of account for Syndicate 958 at a profit of 7.6 percent of capacity despite absorbing losses from four major hurricanes.
05 March 2007
Kiln set for premium growth as forecast improve
Analysts at Numis Securities have predicted further premium growth for Lloyd’s insurer Kiln as the firm announced improved forecasts for its syndicates.
05 March 2007
Hardy rises above hurricane losses
Hardy Underwriting Group raised the forecasts for its Lloyd's Syndicate 382, closing the 2004-year of account up on predictions despite the four major hurricanes that year.
05 March 2007
Heath Lambert confirms strong 2006
Independent UK broker Heath Lambert confirmed 2006 turnover of £121mn and pre-tax profits of approximately £17.5mn, as predicted in the February issue of The Insurance Insider.
05 March 2007
Best upgrades reinsurance to stable
Rating agency AM Best has upgraded its outlook on the global reinsurance sector from negative to stable for this year.
05 March 2007
Benfield continues to rebuild Fac team
Reinsurance broker Benfield Group continues to build its facultative team after last year’s mass defection to rival Aon Corp.
05 March 2007
Insurers grab for distribution drives broker M&A
The renewed interest of insurers in obtaining UK brokers has pushed up the deal values in broker mergers and acquisitions (M&A), according to research by Deloitte.
05 March 2007
‘Luck’ deals Berkshire record gains
In a year in which “everything went right in insurance”, investment conglomerate Berkshire Hathaway reported last night a record gain in net worth during 2006 of $16.9bn.
02 March 2007
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.
02 March 2007
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