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  • The prospect of mandatory disclosure of broker commissions in the UK took a step closer today (2 October) following a speech by the Financial Services Authority (FSA) chief executive John Tiner. The head of the UK’s regulatory authority said it was...
  • The sale of Hastings Insurance Services Ltd has focused attention on the future ownership of Lloyd’s insurer Creechurch Underwriting Ltd, which is also controlled by industry entrepreneur David Gundlach. Last week, the Insurance Australia Group (IAG)...
  • Lloyd’s has announced plans to overhaul its annual venture in a bid to tackle complaints that its current structure adds costs and restricts management flexibility. In an announcement today (2 October), the Society has come up with two proposals...
  • RenaissanceRe founder and former chairman and CEO Jim Stanard and two other ex-employees of the Bermudian reinsurer have been charged with securities fraud by the Securities and Exchange Commission (SEC) over a finite reinsurance transaction.
  • Market information and analysis firm Advisen Ltd has teamed up with XML messaging specialist Web Connectivity Ltd in a combined offering it says will increase transparency and efficiency in the London market.
  • Insurer claims ‘finality’ for US exposures in sale to management vehicle
  • Bermuda-based Catlin Group confirmed today (27 September) that it is to enter into a catastrophe swap agreement that would provide it with coverage of up to $200.25mn for global natural catastrophes.
  • Lloyd’s insurer Atrium reported a fall in pre-tax profits today (27 September) with foreign exchange fluctuations blamed for the drop to £7.9mn for the first half of 2006, against £13.7mn in the prior-year period.
  • Lloyd’s this morning announced half-year pre-tax profits of £1.35bn – marginally down on the £1.38bn booked at the same stage last year – as strong underwriting results in benign conditions were offset by a fall in investment income.
  • Aon Re Global revealed today (26 September) that it has recruited Elliot Richardson, currently head of facultative reinsurance at rival Benfield Group, to head its global fac reinsurance team.