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Glacier Re mounts defence of under review rating
Swiss reinsurer Glacier Re had its ratings placed under review with negative implications by AM Best last Thursday (22 June).
26 June 2006
Aon volumes prompt RI3K price cut
Electronic reinsurance trading platform RI3K has cut its prices by 80 percent in a move it described as "effectively sponsored" by Aon.
26 June 2006
OdysseyRe launches £25mn UK liability insurer
US domiciled reinsurer OdysseyRe has launched a new £25mn capitalised UK insurance company that will focus on writing casualty lines.
26 June 2006
Chaucer plans to increase 2007 capacity
UK-listed (re)insurer Chaucer Holdings plc has announced a £40mn increase in capacity for next year.
26 June 2006
Catlin forms crisis management team
Bermuda-headquartered Catlin Group has announced that it will form a crisis management underwriting team in London to write product recall and kidnap and ransom (K&R) business.
26 June 2006
Kiln to expand capacity to over £1bn
Lloyd’s insurer Kiln plc is planning to expand its 2007 capacity to over £1bn – making it one of the largest Lloyd’s insurers by stamp.
26 June 2006
Buffett to give fortune to charity
Berkshire Hathaway chairman and chief executive Warren Buffett has revealed his plans to give away a large part of his personal wealth to charity.
26 June 2006
AWAC facing probe from Texas attorney general
Bermudian (re)insurer Allied World Assurance Company (AWAC) has revealed that it is under investigation by the Texas attorney general for restraint of trade and other business practices.
26 June 2006
Aon moves to electronic trading in London
Aon UK announced last Thursday (22 June) that it will soon have the ability to trade electronically across all its London market lines of business.
26 June 2006
Hardy to launch new Lloyd's Syndicate
Quoted Lloyd's insurer Hardy has announced that it will form a new non-marine syndicate for 2007, which will be led by Clal Insurance Syndicate 1301 underwriter Patrick Gage.
26 June 2006
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