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Florida (re)insurance relieved by pool and improving forecasts
The stretched Florida insurance market has received some light relief with the announcement of a proposed state-run insurance pool along with the lowering of some of this year's hurricane predictions.
11 August 2006
JLT to overhaul pension scheme; margins fall
Jardine Lloyd Thompson Group plc (JLT) plans to overhaul its staff pension scheme in a bid to reduce the £146mn deficit which hangs over the company.
11 August 2006
R+V awarded EUR3.5mn in long-running dispute
German reinsurer R+V was awarded EUR3,528,357 in damages on 10 July from the former Lloyd's-based managing agency Risk in the latest round of their long-running dispute.
11 August 2006
Aon claims top spot in broker revenue title
Aon Corp has overtaken Marsh Inc to become the world's largest (re)insurance broker by brokerage revenues - at least that is the claim of the Chicago-headquartered broker.
11 August 2006
US insurers enjoy strong second quarter
Chubb records 'outstanding' quarter US insurer Chubb Corp reported an "outstanding" second quarter of 2006 with net income rising to $598mn, compared to $495mn for the prior-year period.
11 August 2006
Securitisations continue to flourish
Endurance is the latest as reinsurers trade risk with capital markets The growing popularity of reinsurance securitisations was demonstrated last month with news that Bermudian (re)insurer Endurance Specialty Insurance has acquired $235mn of...
11 August 2006
Bermuda cashes in on cat climate
Island's (re)insurers enjoy soaring property cat rates in benign quarter, some KRW deterioration ACE sets scene with strong second quarter Bermudian-headquartered ACE Ltd revealed a strong second quarter on 25 July with net income...
11 August 2006
Berkshire Hathaway cashes in on capacity crunch
Berkshire Hathaway more than doubled its reinsurance business in the first half of 2006 as it exploited the capacity crunch felt for US property catastrophe business.
11 August 2006
Converium updates on US sale
Swiss reinsurer Converium continues its recovery with another improved quarterly performance, reporting net income of $62.5mn on 8 August, compared with $46.9mn in the prior-year period.
11 August 2006
Ascot looks at expansion outside Lloyd's
Fast expanding Lloyd's (re)insurer Ascot Underwriting is considering setting up an overseas operation to ease the penetration of its products into new markets.
11 August 2006
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