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Arch plumps for London
Bermudian (re)insurer Arch Capital has announced that it will start to underwrite commercial business in the UK this week, after receiving a licence to do so from the Financial Services Authority (FSA).
07 June 2004
Hiscox Childs returns to London
Hiscox Bermuda CEO and chief underwriting officer Robert Childs is to return to London and be replaced by Imagine Group Holdings Ltd's head of underwriting, Robert Forness.
04 August 2008
Sagicor benefits from Lloyd's acquisition
Sagicor Group of Companies has announced that group net profits increased by around $9mn compared with the prior-year period after profiting from the Lloyd's platform it acquired in September 2007.
18 August 2008
Aviva and R&SA hit by £290mn second quarter flood losses
UK (re)insurer Aviva reported heavy losses of £235mn for the UK floods in June, dwarfing those of competitor Royal & Sun Alliance (R&SA), which reported flood losses of £55mn for the second quarter.
13 August 2007
Insider Shorts
Sirius completes Tryg buy Bermuda’s White Mountains Re continued its rapid expansion with the completion of subsidiary Sirius International Insurance Corporation’s acquisition of fellow Scandinavian company Tryg-Baltica Forsikring.
15 November 2004
Lloyd’s launches Malaysian subsidiary
Lloyd’s has strengthened its ties in the fast growing Asian markets with the launch of a Malaysian subsidiary.
01 March 2007
RenRe elects Klehm to board
Bermudian reinsurer RenaissanceRe has elected Henry Klehm III to its board of directors - bringing the total on the board to 11 of which nine are independent.
30 May 2006
GE deal imminent as Swiss Re shares suspended
Shares have been suspended in Swiss Re this morning (18 November) ahead of an 11am GMT press conference where it is expected the reinsurance giant will announce its intention to buy the (re)insurance operations of US conglomerate General Electric (GE).
18 November 2005
IPC executes $100mn buyback
Bermudian property cat specialist IPC Holdings Ltd has executed around half of its authorised share repurchase programme in the second quarter of 2007, it announced last week.
25 June 2007
IPCRe tallies international exposures at Q3
It may have been another benign year for US hurricanes, but IPCRe's international book means it has inevitably taken a number of hefty non-US catastrophe losses, not least from the UK summer floods.
29 October 2007
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