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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
Hannover Re says Kyrill loss at EUR120-180mn; cat rates to rise
Hannover Re expects its losses from Windstorm Kyrill to be between EUR120-180mn before tax with an overall industry loss estimated at EUR4-7bn.
29 January 2007
Way completes departure as HCC profits leap
Stephen Way has formally completed his departure from HCC Insurance Holdings, the company he founded in 1974, at the same time as the firm announced a 79 percent leap in profits last year.
21 February 2007
Converium begins search for new chief executive
Swiss reinsurer Converium has begun the search for a replacement to its chief executive Terry Clarke who stepped in earlier this year following the ousting of Dirk Lohmann in the wake of the company’s much publicised difficulties.
11 July 2005
Ironshore recruits Swiss Re exec as CFO
Mitchell Blaser, the former chief financial officer of Swiss Re’s Americas division, has formed a triumvirate of senior industry executives behind the $1bn start-up insurer, Ironshore Ltd.
02 January 2007
Zurich's profits near $1bn on investment gains
Despite a cat-driven 77 percent fall in the underwriting profits of its general insurance division Zurich Financial Services's (ZFS) investments helped it to post net income approaching $1bn in Q1.
06 May 2010
Fairfax returns to underwriting profit despite reserve charge
Canadian insurance combine Fairfax Financial Holdings Ltd revealed a return to underwriting profit last week with “record” earnings of $271.1mn for 2003, which included a positive underwriting contribution of $87.7mn.
09 February 2004
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
Scor net income up 18%
French-headquartered reinsurer Scor reported an 18 percent year-on-year rise in third-quarter net income to EUR111mn, as it benefited from "very strong" technical results with a non-life combined ratio of 94.9 percent.
05 November 2010
Aon Re pays £9.5mn to settle Benfield fac dispute
Benfield Group will treat the £9.525mn which Aon Re has agreed to pay to settle the litigation springing from the defection of a key producing team as an exceptional item this year.
12 March 2007
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