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  • Lloyd’s specialist insurer Hardy Underwriting Group announced on Monday 22 September that it will begin underwriting financial institutions for the 2004 year of account. The account, which will be accommodated within the 2004 stamp capacity of £115mn,
  • European giants Allianz, AXA and Zurich Financial Services (ZFS) reported strident 2006 figures and increased dividends as they benefitted from clement natural catastrophe conditions.
  • French aviation insurer La Reunion Aerienne is understood to be the lead insurer of the Air France passenger jet that crash landed in Toronto yesterday in atrocious weather conditions, according to sources.
  • Bermudian reinsurer XL has made a $227.3mn net loss for the quarter on catastrophe losses of $387.4mn
  • Talanx is reported to have trumped the aggressive US buy-out firm Cerberus Capital Management for the prize of fellow German insurer Gerling Group. Talanx – which is reducing its majority stake in reinsurer Hannover Re – has not revealed terms of...
  • Shares in French reinsurer SCOR fell last week after the company revealed that its sales had fallen by a quarter last year, leading to fears that key customers have deserted the embattled firm despite attempts to turn the company around.
  • According to reports in the US, ousted American International Group (AIG) chief Maurice "Hank" Greenberg's "gift" of almost all of his $2.3bn stock in the company may not be enough to shield his investment from future lawsuits.
  • UK general insurer Royal & Sun Alliance (R&SA) had its Standard & Poor’s (S&P) ratings outlook upgraded from negative to stable last week (12 October) as the agency recognised the company’s continued turnaround progress.
  • London Stock Exchange quoted reinsurer Alea Group Holdings has removed its group underwriting director and US operation chief executive in a management reshuffle weeks before it is due to publish its 2004 results.
  • Speculation is mounting that a small Lloyd's vehicle could be the next for expansion beyond the confines of Lloyd's. Reports suggest that Creechurch Underwriting, the integrated Lloyd's vehicle, has plans to expand out of the Lloyd’s market, including