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Rise in premium follows Heritage strategy charge
Lloyd's insurer Heritage Underwriting Agency announced that its gross premium income grew 82 percent last year following a change in strategy to take a bigger share of its managed underwriting.
02 April 2007
Wurtt gets A- from Best despite rival downgrade
European reinsurer Württembergische Versicherung AG (W&W) has been assigned an A- rating from AM Best just months after being downgraded by Standard & Poor's (S&P).
02 April 2007
Flagstone shares slip on NYSE debut
Shares in Bermudian Flagstone Reinsurance Holdings Ltd faltered in early trading Friday (30 March) following its listing on the New York Stock Exchange.
02 April 2007
QBE launches professional indemnity division
QBE Insurance (Europe) has launched a new professional indemnity division after merging its portfolio with that of DA Constable Syndicate 386.
02 April 2007
Lloyd’s reports £3.7bn profit
Strong performance from Lloyd’s insurers in calm cat conditions has led the Society to report pre-tax 2006 profits of £3.7bn for the market.
29 March 2007
Equitas deal wins Fitch upgrade for Lloyd’s
Yesterday’s (27 March) closing of the Equitas deal with Berkshire Hathaway has already begun to pay dividends for Lloyd’s, with Fitch Ratings upgrading its insurance financial strength rating on the Society from A to A+.
28 March 2007
TSR increases Atlantic hurricane forecast
Forecaster Tropical Storm Risk (TSR) has again raised its predictions for this year’s North Atlantic hurricane season.
26 March 2007
Preston Whiteside brokers jailed for fraud
Two brokers from UK public and employer’s liability specialists Preston Whiteside were jailed last week for defrauding small businesses.
26 March 2007
Lloyd’s welcomes UK tax cut
Lloyd's chairman Lord Levene, who has long campaigned for a lower corporate tax rate in the UK, endorsed the 2 percent cut made by Chancellor Gordon Brown in his final budget.
26 March 2007
Asbestos drags Munich Re America to $1bn loss
The spectre of asbestos returned to haunt reinsurance giant Munich Re as it revealed in its full annual report on 20 March a $600mn strengthening of loss reserves for related claims.
26 March 2007
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