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Chaucer releases upbeat trading statement
Quoted Lloyd’s insurer Chaucer Holdings plc posted an upbeat trading statement on 23 November with improvements on 2004 and 2005 forecasts and an optimistic outlook for next year.
27 November 2006
FSA fines General Re £1.2mn over Finite Re deals
UK regulator the Financial Services Authority (FSA) fined Berkshire Hathaway subsidiary General Reinsurance UK £1.225mn last week for arranging two improper reinsurance transactions.
27 November 2006
Novae swoops for departing Wellington team
Wellington plc, the Lloyd’s insurer that has agreed to the takeover overtures from rival Catlin Group, has been struck by resignations from its UK property team.
27 November 2006
FSA fines General Re £1.2mn over Finite Re deals
UK regulator the Financial Services Authority (FSA) has fined Berkshire Hathaway subsidiary General Reinsurance UK £1.225mn for arranging two improper reinsurance transactions.
22 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 yesterday (21 November).
22 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.
22 November 2006
Mixed ratings reactions after HCC reshuffle
The sudden departure of HCC Insurance Holdings chairman and CEO Stephen Way has prompted a mixed approach from the two main rating agencies. While Standard & Poor’s swiftly affirmed the Houston headquartered firm’s financial strength...
21 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.
21 November 2006
Japan relieved over Tsunami fears
Tsunami warnings were issued last week following a large earthquake off northwest Japan but the subsequent waves were less damaging than initially feared.
20 November 2006
Oxygen acquires Smart & Cook business
Oxygen Holdings plc, the London market intermediary backed by high profile figures such as ICAP founder Michael Spencer and former Marsh president Bob Clements...
20 November 2006
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