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Amlin underwrites to £120mn interim profit
If 2006 proves – as it has thus far – to be a benign natural catastrophe year, then Amlin’s management duo of chief executive Charles Philipps and underwriting director Tony Holt will have again called the right numbers.
04 September 2006
AM Best removes Hannover Re from review
Rating agency AM Best has removed European giant Hannover Re from review with negative implications and affirmed its financial strength rating of A (Excellent).
04 September 2006
Kiln updates syndicate forecasts
Lloyd's insurer Kiln updated its syndicate forecasts last week lowering the profit range on three of the four open years on its two major syndicates, 510 and 557.
04 September 2006
Beazley defies casualty rate fears
Lloyd's insurer Beazley Group plc shrugged off fears of declining liability rates, by saying it had benefited from a 3 percent average rate rises in its casualty book in the first half of the year.
04 September 2006
Tolle to address Insider Pre-Monte Carlo event
August saw little let up in the industry's enthusiasm for non-traditional reinsurance vehicles so The Insurance Insider's forthcoming Contingent Capital & Securitisation event is perfectly timed.
04 September 2006
Concord Re capitalised with $730mn
American International Group (AIG) has confirmed its sidecar Concord Re Ltd will have an initial capital of $730mn with equity funding provided by the US investor Chris Flower's firm JC Flowers & Co LLC.
04 September 2006
Hiscox looks to launch Bermuda sidecar
Lloyd's insurer Hiscox plc revealed on 1 September that it is close to setting up a Bermudian sidecar operation to reinsure its Lloyd's Syndicate 33.
04 September 2006
Amlin profits despite currency blow
If 2006 proves - as it has thus far - to be a benign natural catastrophe year, then Amlin's management duo of chief executive Charles Philipps and underwriting director Tony Holt will have again called the right numbers.
04 September 2006
Spectrum appoints Everest as legal counsel
Lloyd's managing agency Spectrum Syndicate Management Ltd appointed Mark Everest as legal counsel on 1 September.
04 September 2006
Bear Stearns acquires Minster Insurance Co
Bear Stearns has agreed to buy Groupama's UK run-off insurance company, Minster Insurance Co.
04 September 2006
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