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Solid start for Europeans says Benfield
European reinsurers enjoyed a "solid start" in the first quarter of 2006, underlined by underwriting profits, stronger capitalisation and stable ratings, according to a report from reinsurance broker Benfield.
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
JLT completes peer-to-peer testing with G6
UK-listed Jardine Lloyd Thompson Group plc (JLT) announced last week that it has successfully completed the first stage of its peer-to-peer electronic trading with the G6 group of insurers.
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
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
Kiln plans to expand capacity to £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
LMA appoints motor manager
The Lloyd's Market Association (LMA) has appointed David Powell as motor manager, replacing the retiring Roger Jones.
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
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