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China gives Lloyd’s go-ahead
Lloyd's has received the long-awaited approval for its new Chinese onshore reinsurance operation from regulators today (14 March).
14 March 2007
HIH given green light to sue Lloyd’s syndicate
Liquidators for failed Australian insurance company HIH have been given the go-head to sue Lloyd’s Limit Syndicate 386 for Aus$54mn.
06 November 2006
AXA incurs World Cup penalty
AXA will have to pay compensation to world football governing body FIFA, following a ruling by a German court that the insurance company was wrong to cancel its 2002 World Cup insurance policy.
29 December 2003
AXIS announces further capital boost
Bermudian (re)insurer AXIS Capital revealed today (21 November) further cash raising initiatives with the sale of £250mn in preference shares, less than a week after it announced the sale of 6.8 million common shares in a block trade and taking its...
21 November 2005
JK Buckenham recruits ex BMS exec
JK Buckenham, Hyperion Insurance Group’s reinsurance broking arm, announced the arrival of former BMS International executive Ian Smith, last week.
08 January 2007
Ex IUA chairman to become Whittington Europe CEO
Stephen Cane, the former chairman of the international underwriting association of London (IUA) and ex-head of run-off reinsurer Alea’s London operations, has joined the insurance services company Whittington Group.
18 December 2006
Slow Start for the auctions
The first of six Lloyd’s capacity auctions was a sluggish affair It was a slow and entirely expected start to the annual Lloyd’s auctions, where the right to participate on Lloyd’s syndicates is bought and sold. The declining number of names and syndi
01 July 2000
Cincarelli appointed senior underwriter at Glacier Re
Swiss reinsurer Glacier Re announced today (4 December) that Mario Ciancarelli has joined the company as senior underwriter.
04 December 2006
Enstar hit by weak Sterling; falls to $49mn loss
Enstar Group Ltd, the Bermudian-based run-off acquisition firm, has fallen to a nine-month operating loss of nearly $49mn after a bruising third quarter which saw the firm take a $29.8mn hit from the plummeting pound.
17 November 2008
Quanta appoints run-off expert to board
Bermudian (re)insurer Quanta Capital Holdings appointed run-off expert Mark Bridges to its board of directors on 11 December.
18 December 2006
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