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R&SA and Zurich look east
Insurers Royal & Sun Alliance Insurance Group (R&SA) and Zurich Financial Services (ZFS) both unveiled strategies for expanding into Eastern Europe this week.
27 November 2006
Aspen affirmed despite departures
Despite losing three of its four underwriting heads this summer, Bermuda-domiciled Aspen Insurance Holdings (AIH) has seen its Bermudian and UK operating subsidiaries’ ratings affirmed by AM Best.
27 November 2006
Lancashire looks forward to ‘healthy’ 2007
Bermudian-headquartered (re)insurer Lancashire Holdings Ltd said it is looking forward to a “healthy” 2007 in a trading statement released on 21 November.
27 November 2006
Kiln forecast improvement
Lloyd’s insurer Kiln plc increased the forecasts on the bulk of its syndicates when it updated the 2004-5 years in a trading statement on 24 November.
27 November 2006
SCOR gets another A and completes Revios deal
Resurgent French (re)insurer SCOR has been upgraded back to "A" territory again, this time by Fitch Ratings on 20 November, a day ahead of the closure of its acquisition of life reinsurer Revios.
27 November 2006
The Hartford issues $247.5mn cat bond
US insurer The Hartford Financial Services Group has issued a $247.5mn cat bond, Foundation II, to protect the company in the event of certain US natural catastrophe losses.
27 November 2006
Harris moves into Lloyd’s as Ward unveils changes
The Lloyd’s Corporation has brought in David Harris - a senior representative of the G6 group of London market insurers – on secondment, as the three-hundred-year-old Society agrees a number of changes to improve the service it provides.
27 November 2006
XL launches Stoneheath; re-gears Cyrus Re
XL Capital, which announced the first of the post-Katrina sidecars Cyrus Re in November last year, has launched a new Cayman Islands special purpose reinsurance vehicle, Stoneheath Re.
27 November 2006
Greenberg offloads 27 million AIG shares
Industry legend Hank Greenberg and his Starr companies have sold over 27 million shares in his former company, American International Group (AIG), since May.
27 November 2006
Sperryn to leave LMA
The Lloyd’s Market Association’s (LMA) has announced that its chief executive Simon Sperryn, will leave the association at Christmas 2006.
27 November 2006
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