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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
Hiscox looks to launch Bermuda sidecar
Lloyd’s insurer Hiscox plc revealed today (1 September) that it is close to setting up a Bermudian sidecar operation to reinsure its Lloyd’s Syndicate 33.
01 September 2006
Wellington looks to expand operations
Lloyd’s insurer Wellington Underwriting plc revealed that further expansion is key to its strategic development when it announced its interim results this morning (31 August).
31 August 2006
Beazley defies casualty rate fears
Lloyd’s insurer Beazley Group plc shrugged off fears of declining liability rates, by claiming it had benefited from a 3 percent average rate rises in its casualty book in the first half of the year.
30 August 2006
ACE acquires minority stake in Russian Re
ACE Ltd has acquired Munich Re's 15 percent stake in Russian Re, the Moscow-based independent reinsurer.
29 August 2006
AM Best removes Swiss Re from review
Rating agency AM Best has affirmed its ratings on Swiss Re and removed the company from review with negative implications it announced last week.
29 August 2006
Concord Re takes sidecar fundraising close to $4bn
Concord Re, the latest sidecar to roll off the industry’s production line, means almost $4bn of capital has been raised for these non-life reinsurance vehicles in the aftermath of Hurricane Katrina.
29 August 2006
Chaucer raises forecasts
UK-listed Lloyd's insurer Chaucer Holdings plc has increased the forecasts for its Lloyd's syndicates, it announced last week. Chaucer raised its forecasts on both of its syndicates for both last year and 2004.
29 August 2006
Advent profits rise on "best" market conditions; minority buy-out announced
Specialist Lloyd's reinsurer Advent Capital (Holdings) plc reported an increase of over 300 percent in its pre-tax half-year profits due to market conditions that it said were among the "best experienced by the company".
29 August 2006
LMA launches wordings repository
The Lloyd's Market Association (LMA) has launched its London Market Wordings Repository today (29 August) as it continues to drive process reform and assist (re)insurers reach their contract certainty targets.
29 August 2006
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