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  • The brokers working to achieve peer-to-peer initiatives with the “gang of six” Lloyd’s underwriters have been revealed as Aon, Benfield, Willis and Marsh. The “gang of six”, or G6, is the breakaway group of powerful insurers which has combined...
  • Giant reinsurer Swiss Re reported a 41 percent drop in its 2005 net income to SFr1.451bn from SFr2.475bn in the prior-year, a result that reflected a tough year for reinsurers. Swiss Re absorbed SFr3bn in large natural catastrophe claims following...
  • As Amlin, Beazley, Catlin and Hiscox kicked off the Lloyd’s listed vehicles’ 2005 reporting season, analysts at Keefe, Bruyette & Woods Ltd (KBW) noted good prospects for the sector based on recent trading statements, despite the record hurricane...
  • The fate of the campaign by non-US reinsurers to have onerous collateral requirements relaxed for business written in the US should be known by the end of 2006, after the National Association of Insurance Commissioners (NAIC) finally set itself a...
  • EC3 insurers continue to make '05 profits despite hurricane losses : Upbeat Amlin sets Lloyd’s rivals tough challenge. Amlin plc was as good as its word when posting record results earlier this month which promise to stand out among all the quoted...
  • Despite the demise of Kinnect, London’s back-office provider Xchanging is continuing to develop initiatives to help the market’s insurers reach the contract certainty targets agreed with the Financial Services Authority.
  • As first revealed by The Insurance Insider on 6 February, Lloyd’s has chosen the former head of the International Petroleum Exchange (IPE) Dr Richard Ward as its next chief executive following the departure of Nick Prettejohn at the end of last year.
  • Aigrain slams Bermuda start-up ; ARIG report record profit ; Hannover completes €100mn securitisation ; Trident II to sell Axis shares ; RFIB opens Dubai office ; Ariel recruits execs from rivals ; Lancashire reshuffles ; et al...
  • London on target with contract certainty initiative ; G6 becomes magnificent seven ; HCC grows Lloyd’s presence with Heritage stake ; Managing the cycle key to Lloyd’s underwriters ; FSA cancels broker’s permission to trade ; et al...
  • Attendees at the ARC Congress were given a stark warning over asbestos liabilities by lawyer David Gross of US firm Saiber Schlesinger Satz & Goldstein. Giving a presentation entitled “Toujour Asbestos: Will we ever be free of it?” Gross gave the...