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  • UK broker Windsor plc revealed that profits were up for an eighth consecutive year – by 9 percent to £5.07mn for the year ended 30 September 2005.
  • In its half-year results announcement, Lloyd’s run-off vehicle Equitas said that despite success in securing settlements with a further seven direct asbestos assureds, similar deals on inwards reinsurance liabilities had been significantly slower than...
  • Liberty Syndicates announced last week that it is raising its capacity for 2006 to £912mn, up 27 percent from this year. The Lloyd’s (re)insurer intends to use the extra capacity to support increased underwriting across all five of its divisions...
  • Class of 2005 reinsurer looks to be the first start-up on AIM since PRI As exclusively revealed in the December 2005 issue of our sister title The Insurance Insider, Bermudian start-up reinsurer Lancashire Holdings Ltd is set to float on the London...
  • XL Capital has appointed a new team to lead its XL Insurance Global Marine and Offshore Energy (M&OE) unit in London and New York.
  • Reinsurance specialist broker, JK Buckenham Ltd (JKB) has announced the creation of JKB USA, which has been formed in partnership with US broker Performance Insurance Services.
  • The Association of Run-Off Companies (ARC) has welcomed the government’s decision to delay the implementation of VAT on outsourced insurance services.
  • London market IT service provider Intech was acquired this month by the expanding French company Sword Group.
  • Last month’s extensive rioting across France will cost insurers EUR200mn with AXA picking up a quarter share of the total cost.
  • Bermudian (re)insurer ACE announced last Tuesday (7 December) that it expects losses from Hurricane Wilma to reach around $250mn, after tax and reinsurance.