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  • 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.
  • 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.
  • 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).
  • 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.
  • ACE Ltd has acquired Munich Re's 15 percent stake in Russian Re, the Moscow-based independent reinsurer.
  • Rating agency AM Best has affirmed its ratings on Swiss Re and removed the company from review with negative implications it announced last week.
  • 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.
  • 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.
  • 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".
  • 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.