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  • Illium Managing Agency Ltd has parted company with active underwriter Denis Burniston, who founded the Lloyd’s liability specialist in 2003 with current chief executive Russell Benzies.
  • Despite moderate price reductions, the Lloyd’s listed (re)insurer Heritage Underwriting Agency plc’s said rates are “still at very acceptable levels” in its latest syndicate forecasts.
  • Post 9/11 start-up Endurance kept its pace into the third quarter, almost doubling net income for the period from $28.9mn to $56.5mn, or $0.83 per diluted share compared to $0.48 in 2002. Net income for the year-to-date stands at $174.5mn, or $2.68 per sh
  • The board of Fairfax Financial Holdings controlled reinsurer Odyssey Re has authorised a share buyback programme, the company announced.
  • The summer floods could cost the insurance industry more than £3bn ($6bn), warned Fitch Ratings this morning.
  • Long-time Fairfax bears, analysts John Gwynn and Matthew Cantrell of Morgan Keegan, have again mauled the company in their latest research notes. In two recent notes the analysts raise a number of points that will make uncomfortable reading for the...
  • French insurer Axa has reported a 0.7 percent lift in property and casualty (P&C) insurance revenues to EUR21.4mn for the first nine months of 2010, with growth in personal lines offsetting a decline in commercial business.
  • French insurer Axa has reported a 0.7 percent lift in property and casualty (P&C) insurance revenues to EUR21.4mn for the first nine months of 2010, with growth in personal lines offsetting a decline in commercial business.
  • Despite delivering consensus earnings and double-digit growth, Jardine Lloyd Thompson (JLT) saw its share price decline to close on Friday 27 February at 541p, down from 595.5p at the beginning of the month. Sellers of the stock appeared to be unnerve
  • Cavell Management services Ltd, the Norwich based run-off company recently acquired by former Eastgate duo Ken Randall and Alan Quilter, is set to win the contract to run-off GoshawK’s Syndicate 102. According to sources, after final presentations from a