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  • Allianz Price 3.13: P/E35: MCap E90087.56: 1 mnth perf -0.9%: 3 mnth perf -8.3% After being poked in the eye by bankers at Dresdner and Deutsche following their failed merger attempt, Allianz’s chairman, Henning Schulte-Noelle, sounded a touch glum
  • The ongoing legal dispute between Randall & Quilter (R&Q) affiliate Cavell USA and private equity owned run-off insurers Seaton Insurance Co and Stonewall Insurance Co is set for an airing in the English courts this autumn.
  • Last week's management reshuffle has seen Andrew Marcell - previously Guy Carpenter's head of American operations - unveiled to run the firm's global facultative and speciality business from London.
  • Beazley, the Lloyd’s managing agency looking to expand its operations, is now aiming for a London flotation.
  • European reinsurer Scor said first quarter profit declined 30 percent to EUR93mn, as investment writedowns combined with the impact of European Windstorm Klaus.
  • Reinsurance software specialist Q.Know Technologies Inc is understood to have closed doors to new business as the firm undergoes “financial restructuring”, The Insurance Insider can reveal.
  • Despite revelations that Trenwick Managing Agency (TMA) is confident of securing financing to prevent Syndicate 839 sliding into run-off, the rating agency Moody's has downgraded its performance rating on TMA’s $500mn capacity syndicate to C (below averag
  • Lloyd’s insurer SVB has launched a new specialist service company, Novae Underwriting, to target the UK SME liability market.
  • The industry’s thirst for alternative reinsurance capacity continues to grow with the $120mn issue of notes under a $500mn shelf programme providing Swiss Re with retrocession cover for Japanese typhoons.
  • Lloyd's has strengthened its ties in the fast growing Asian markets with the launch of a Malaysian subsidiary.