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Swiss Re - good news and bad
Single occurrence victory in WTC and strong 1H 2002 performance overshadowed by loss of triple A rating
01 October 2002
Moody’s predicts Lloyd’s profit of £1bn+
Days before Lloyd’s is due to publish its 2004 Global financial results, ratings agency Moody’s has predicted that Lloyd’s is likely to produce a profit of £1.2bn – the equivalent of 9 percent of capacity – this year.
04 April 2005
WTC update: Trial enters final furlong
WTC leaseholder Silverstein Properties and insurers led by reinsurance giant Swiss Re are litigating over which contractual wordings the various parties used in placing the building’s insurance cover.
19 April 2004
Aon to shore up London’s financial services unit after defections
Aon Ltd is poised to end a prolonged period of shared leadership in its London-based Financial Services Group by drafting in a Bermuda-based executive to head up the division.
28 June 2010
Names may sue UK Government
The UK Government may be sued by embittered Lloyd's Names, following a European Parliament report that condemned the Government for its failure to regulate the Lloyd's market.
01 October 2002
Endurance set to be IPO pioneer for UK hopefuls
The heavy-hitting private equity investors in Bermudian and London insurers will watch Endurance's planned $250mn initial public offering on 28 February with great interest. Endurance Specialty Holdings, formed in the post 9/11 capacity crunch with $1.
01 February 2003
Aon unveils new surety and guarantee unit
Broking giant Aon has launched a new UK and Europe surety and guarantee unit.
09 February 2009
Glencairn launches energy division
London wholesaler Glencairn - now part of Willis' Faber & Dumas operation - is launching a new energy division headed by Alan Brooks.
09 February 2009
Former Wellington CEO leaves Catlin
Former Wellington Underwriting CEO Preben Prebensen is leaving Catlin Group to head up UK merchant bank Close Brothers plc at the end of February.
09 February 2009
R&Q buys Ancon Insurance
Randall & Quilter Group Investment Holdings Ltd (R&Q), the UK based acquirer of run-off businesses, confirmed last week that it had acquired its fifth run-off (re)insurer this year with the purchase of Ancon Insurance.
11 December 2006
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