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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
Trading in Omega shares begins this week on AIM
Trading in Omega Underwriting Holdings plc shares will begin on Wednesday (6 April) priced initially at 115p after the Lloyd’s insurer confirmed it was to float on the Alternative Investment Market (AIM) of the London Stock Exchange in an IPO which values
04 April 2005
Enstar profits rise as Silvester is named chairman
Bermudian run-off acquisition firm Enstar Group saw net earnings for the first six months of the year climb to $28mn, compared to $20mn in H1 2009.
23 August 2010
Swiss Re restructures into three components
Reinsurance giant Swiss Re announced last week that it is streamlining its reporting structures into three units in a bid to focus on "profitable growth and the efficient use of capital".
06 June 2005
Converium hires Benfield exec
Converium Holdings' chief executive Inga Beale has continued to re-shape the reinsurer's management with the appointment of Benfield Group’s Jakob Eugster.
05 February 2007
Allstate operating profits up
Allstate bucked the general P&C earnings trend with a 48.5 percent uptick in Q2 operating earnings to $441mn, although net profits fell on realised capital losses.
05 August 2010
Katrina class action suit filed against State Farm
A lawsuit has been filed on behalf of homeowners covered by an “all risk” policy with State Farm Fire and Casualty on 4 January as the fallout from Hurricane Katrina continues.
09 January 2006
Hiscox plans further capacity cutback
Lloyd’s listed insurer Hiscox last week (21 June) described rates as “strongly profitable”, despite more competitive conditions, but said that it is likely to reduce capacity on its Syndicate 33 for next year, from £775mn to £650mn.
27 June 2005
TRIA extension nearer with bill compromise
US politicians offered some succour to the (re)insurance industry yesterday (15 November) with the news that an agreement had been reached on a bill to extend the Terrorism Risk Insurance Act (TRIA) for a further two years – albeit under less favourable..
16 November 2005
L&G boss to take ABI chairmanship
The CEO of Legal & General (L&G) Tim Breedon will take over from Archie Kane as chairman of the Association of British insurers when the outgoing chairman completes his three-year term of office in July.
26 May 2010
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