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Lloyd’s expands to record £16bn capacity
Pre-emptions and start-ups allow market to write £18bn gross premiums in 2007
12 January 2007
Amlin Bermuda’s business up 58 percent this year
Lloyd’s based (re)insurer Amlin plc reported today (10 January) that its Bermudian reinsurance operation has written $87mn of business this year, a 58 percent increase on last year.
10 January 2007
Brit joins G6
UK insurer Brit Insurance Holdings plc joined the G6 group of Lloyd’s insurers on 8 January, taking up the vacancy created by Catlin Group’s £600mn takeover of Wellington Underwriting last year.
10 January 2007
Wellington’s US head is latest Catlin departure
Stan Kott, CEO of Wellington Underwriting plc’s US arm - Wellington Underwriting Inc - has become the latest high-profile departure following the company’s £600mn takeover by Catlin Group with his resignation this week.
10 January 2007
Integro sponsors $1bn insurance start-up
Integro Ltd, the "fresh start" commercial broker launched in the wake of Spitzer's attacks on the US insurance industry, has sponsored the launch of Ironshore Ltd, the latest insurer to land on Bermuda’s increasingly crowded shores.
08 January 2007
ACE makes Peruvian move
Bermuda’s ACE announced last week it had increased its presence in the South American life market with the acquisition of Peruvian company Altas Cumbres Life Insurance Company (ACLIC) from its Chilean parent Grupo Altas Cumbres (GAC).
08 January 2007
Airline sector close to 'burning'
Plummeting rates during last year's airline renewals have left the market close to its "burning cost" where it could struggle to turn a profit.
08 January 2007
JK Buckenham recruits ex BMS exec
JK Buckenham, Hyperion Insurance Group’s reinsurance broking arm, announced the arrival of former BMS International executive Ian Smith, last week.
08 January 2007
Mitsui Sumitomo takes reins on Syndicate 3210
Japanese insurer Mitsui Sumitomo Insurance (MSI) confirmed last week it had taken over management of its Syndicate 3210 from Lloyd’s insurer Chaucer Holdings Plc (Chaucer).
08 January 2007
Brit claims 100 percent contract certainty at 1/1
UK insurer Brit Insurance Holdings plc has said that it achieved 100 percent contract certainty on its 1 January 2007 outwards non-proportional reinsurance placements by the end of 2006.
08 January 2007
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