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AM Best downgrades and withdraws Quanta Capital Holding’s ratings
AM Best has responded today (7 June) to Quanta Capital Holdings’s run-off plans by firstly downgrading the company’s ratings before withdrawing them altogether at the firm’s request.
07 June 2006
Alexander Forbes in talks to spin-off international arm
South African broking group Alexander Forbes announced today (7 June) that its CEO is to step down, it is in discussions with potential private equity buyers of the company, and that it is looking at options for its...
07 June 2006
Equitas boosts asbestos reserves; positive on progress
Despite increasing asbestos reserves by another £128mn in the year to 31 March 2006, Lloyd’s pre-1993 run-off vehicle Equitas highlighted its progress in resolving claims with major policyholders as it released its financial results this morning (6 June).
06 June 2006
Oxygen boosts energy and property teams
London-based broking proposition Oxygen Holdings plc today (5 June) announced two new appointments adding extensive experience to its energy and property teams.
05 June 2006
New UK insurer to receive A- rating
Start-up UK insurer Novae Insurance Company Ltd announced last Thursday (1 June) that it has received an A- rating from a "leading rating agency".
05 June 2006
Aon names its first XI of World Cup risks
With the 2006 FIFA World Cup due to start on Friday (9 June) in Germany, insurance broker Aon has released a report identifying risks associated with the tournament.
05 June 2006
AWAC grows income
Bermudian Allied World Assurance Holdings (AWAC) increased its first quarter profits by over 50 percent it announced on 30 May.
05 June 2006
Swiss Re to close GEIS deal 12 June
Swiss Re is expected to complete its acquisition of GE Insurance Solutions next Monday (12 June), Insider Week can reveal.
05 June 2006
Face up to climate change Lloyd's warns insurers
A report by Lloyd's has warned (re)insurers that they must face up to climate change and manage risks from greenhouse gases and rising sea levels or they will not survive.
05 June 2006
Lloyd's insurer parts company with chief executive
Lloyd's insurer Creechurch Underwriting Ltd parted company with its chief executive Bruce Graham last week, replacing him on an interim basis with the group underwriting director David Pye.
05 June 2006
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