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Insurance venture capitalist lists on AIM
BP Marsh & Partners plc, the London-based investor in specialist insurance and other financial services related companies, has listed on the Stock Exchange’s Alternative Investment Market this morning (2 February).
02 February 2006
Fox appointed Clarendon CEO
Rod Fox has left reinsurance broker Benfield to head up Clarendon Group, the US specialty insurance arm of Hannover Re.
01 February 2006
Brit profits ahead of expectations
UK insurer Brit reported to the London Stock Exchange this morning (1 February) that it expects to make a pre-tax profit of £60mn for 2005.
01 February 2006
AIG granted restraining order on Starr
AIG was granted a restraining order on a CV Starr as the insurance giant seeks to defend its business in the New York Supreme Court. Judge Herman Cahn’s temporary order is in place until 2 February, when another hearing is scheduled.
31 January 2006
Validus makes 1/1 impression
“Class of 2005” alumni Validus revealed today (31 January) a healthy start to life, underwriting $220mn of gross written premiums in its maiden 1 January renewal season. The announcement would seem to contradict recent widespread...
31 January 2006
Advisen: rate rises confined to property, for now
Last autumn’s industry record hurricane losses triggered sharp increases in property rates in the fourth quarter of 2005, according to the latest RIMS Benchmark Survey from analysts at US firm Advisen.
31 January 2006
Brit shares return to year high
UK insurer Brit has today (30 January) seen its stock climb back up to the 94p 52-week high it hit on 6 January this year. The company’s share price had fallen away by 7p to 87p by 25 January, but has...
30 January 2006
AXA – ‘everything’s going its way’
AXA has an optimistic outlook, such that “everything’s going its way” according to an analyst’s note on its 2005 revenue disclosure. After AXA reported 14 percent growth in its full year life new business by annual premium...
30 January 2006
SVB appoint compliance head
Lloyd’s insurer SVB has appointed Stephen Heming as head of Group Compliance and a director of underwriting. Previously Heming was compliance officer and company secretary at Illium Managing Agency and he has also held compliance posts...
30 January 2006
Rubicon Corp forced to call in administrators
The UK insurance outsourcing company Rubicon Corporation has appointed Kroll Corporate Advisory & Restructuring Group as administrators after experiencing trading difficulties. Established in late 2000 by the former chief executive...
30 January 2006
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