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Ward prepared to mandate action on electronic claims
Lloyd’s CEO Richard Ward has told the market he wants to see all claims transacted electronically by the end of next year.
27 October 2006
Willis to cut 400 jobs
Willis became the latest of the international brokers to announce job losses as part of an efficiency drive with confirmation by the company yesterday that it would cut 400 positions.
27 October 2006
Aspen returns to profit
Bermudian-headquartered (re)insurer Aspen Insurance Holdings Ltd reported net third quarter profit of $95mn, or $0.94 per share, on 25 October.
26 October 2006
Ward prepared to mandate action on electronic claims
Lloyd’s CEO Richard Ward has told the market he wants to see all claims transacted electronically by the end of next year.
26 October 2006
Willis generates solid organic growth
World number three broker Willis Group Holdings Limited reported last night (25 October) net income of $89mn or $0.56 a share for the third quarter 2006, doubling the $45mn or $0.28 a share booked in the prior-year period.
26 October 2006
ACE applauded over XL in strong earnings
Despite both comfortably outpacing earnings projections, Bermudian rivals ACE Limited and XL Capital met with very different responses from analysts at Morgan Stanley as they released third quarter results overnight.
25 October 2006
IPC join fellow Bermudians in black
IPC Holdings joined its fellow Bermudian reinsurers by bouncing back from last year’s record third quarter losses and posting a profit this year, it reported on 24 October.
25 October 2006
Canopius buys Lloyd’s insurer Creechurch Underwriting
Canopius has bought fellow Lloyd’s insurer Creechurch Underwriting Ltd in a deal that will create a £450mn capacity syndicate next year, The Insurance Insider can reveal.
25 October 2006
Wellington confirms it is in takeover talks with Catlin
Lloyd’s insurer Wellington plc has confirmed it is in takeover talks with rival Catlin Group Ltd.
24 October 2006
Patrick Gallagher announced AJ Gallagher chairman
US-headquartered Arthur J Gallagher & Co announced last week (19 October) that Patrick Gallagher Jr will add the post of chairman of the board to his current responsibilities as president and CEO of the broker.
23 October 2006
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