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  • In contrast to many of its Lloyd’s competitors, the Bermuda-headquartered Catlin Group received a currency boost from the weak dollar which contributed to record net income of $147.3mn for the first half of 2006.
  • Fitch Ratings said the response from the market to its new capital model Prism has been positive.
  • A year after Standard & Poor’s demonstrated its confidence in SCOR’s rehabilitation, AM Best has also upgraded the French reinsurer to the key A- territory.
  • Lloyd’s insurer Hiscox plc revealed today (11 September) that it is relocating its headquearters from London to Bermuda.
  • Beazley Group’s head of specialty lines Johnny Rowell has acquired a further 650,000 shares in the Lloyd’s insurer in an apparent demonstration of his confidence in the company’s prospects and current trading conditions.
  • In a strategic volte-face, Jardine Lloyd Thompson Group plc (JLT) has sold its US property casualty and employee benefits operations to Alliant Insurance Services Inc for $100mn (£53.3mn) little more than three years after revealing its plans to roll-out
  • Highfields continues SCOR sidecar dispute; Spitzer drops key Greenberg charges; Fairfax restates; ACE acquires minority stake in Russian Re; AM Best removes Hannover Re from review; Greenlight Re receives Best rating; et al
  • The growing interest in acquiring non-life insurance businesses in run-off was demonstrated by two major sales last month coupled with the emergence of a new corporate investor looking to profit from parent companies keen to offload unwanted subsidiaries.
  • If Converium can sell-off its discontinued US arm, Converium North America, then it may spark an upgrade by Standard & Poor’s back to the longed-for A- territory.
  • Levene makes tax call for London’s competitiveness; Beazley boosts cat capability with Berkshire Hathaway tie-up; Gibson returns to Highway; LMA launches wordings repository; Fitch affirms Lloyd’s A rating; et al