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GCFac launches structured team with Lobek hire
GCFac, the facultative arm of reinsurance broker Guy Carpenter, has bolstered its ranks with the launch of a structured risk team headed by former Jardine Lloyd Thompson (JLT) broker John Lobek.
11 August 2006
Energised Glencairn keeps growing
In its first year as an independent entity, the London market broker Glencairn Ltd unveiled a 47 percent increase in operating income to £14.575mn for 2002.
04 August 2003
Western governments continue financial bail-outs
Western governments have continued their rescue of financial institutions with the EUR11.2bn bail-out of Benelux banking and insurance giant Fortis yesterday and confirmation of the nationalisation of UK mortgage lender Bradford & Bingley (B&B).
29 September 2008
NZ govt offers buyouts to condemned Christchurch households
Some 5,000 properties in Christchurch, New Zealand will be abandoned under a government plan unveiled today (23 June)
23 June 2011
Hardy continues niche expansion
Lloyd’s specialist insurer Hardy has announced the appointment of George Doughty as underwriter for political risks, a class of business it has not provided until now.
01 June 2004
AIG investigated over CDS valuation
Shares in American International Group Inc (AIG) fell 7 percent to close at $33.93 Friday after it emerged the company is being investigated by the Securities and Exchange Commission (SEC) over its valuation of contracts linked to sub-prime mortgages.
09 June 2008
Delphi lifts net income 38% in Q1
US insurer and Omega suitor Delphi Financial Group reported first quarter operating earnings of $51.5mn, up 11 percent year-on-year
27 April 2011
Tokio Marine launches $200mn typhoon bond
The growing trend for (re)insurance securitisations was demonstrated last week with a $200mn Cat bond launched by Japanese (re)insurer, Tokio Marine & Nichido Fire Insurance Co Ltd.
29 August 2006
Piracy warning for Horn of Africa
Shipowners were warned last week about the growing threat of piracy around the Horn of Africa.
25 June 2007
Lloyd’s rejects Leinster start-up proposal
Proposed start-up Leinster Group Ltd has refused to acknowledge defeat but the prospect of a launch on the Lloyd’s platform looks bleak after the Society rejected its application.
25 June 2007
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