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Hiscox to set up Bermudian (re)insurer
Hiscox plc is set to become the next Lloyd’s insurer to establish a Bermudian licensed (re)insurer, Insider Week can reveal.
07 November 2005
GoshawK shares collapse further on cash flow troubles
Shares in UK quoted GoshawK collapsed more than 40 percent last week to close at 5p as the company explained it is no longer able to get access to funds in its Bermudian reinsurance arm Rosemont Re – which became the first industry casualty of this year’s
07 November 2005
R&SA part-settles Student Finance litigation
UK insurer R&SA has settled with Wilmington Trust, one of the three plaintiffs in the ongoing Student Finance Corporation litigation.
07 November 2005
Aon 77 returns to court
The long-running energy line-slip dispute Aon 77 returns to court today (7 November) with the reinsurers appealing Mr Justice Morison’s decision last year which absolved broker Aon of any suggestions of non-disclosure or misrepresentation and allowed the
07 November 2005
SCOR boosted by capital gains
French (re)insurer SCOR posted a third quarter profit aided by a moderate impact from natural catastrophes this year and healthy capital gains of EUR48mn.
07 November 2005
Swiss Re set to outperform says analyst
Reinsurer Swiss Re looks to be in good health with the group set to be a winner from the recent hurricane season.
07 November 2005
Omega latest Lloyd’s insurer set to raise capital
Newly listed Lloyd’s insurer Omega Insurance Holdings is close to raising post-Katrina funds in a rights issue, Insider Week can reveal.
07 November 2005
RI3K set to challenge Kinnect
The online reinsurance trading company RI3K is threatening to throw down a gauntlet to Lloyd’s faltering electronic hub Kinnect, Insider Week’s sister publication The Insurance Insider reveals this month.
07 November 2005
Bermuda’s 2005 start-ups could raise $10bn
Bermuda’s latest wave of (re)insurance start-ups is set to be the most prolific yet, with Insider Week estimating that up to $10bn in capital could be raised by new (re)insurers following this season’s hurricanes.
07 November 2005
Lloyd’s based broker goes into liquidation
Lloyd’s based broker Fabien Risk Services Ltd has gone into liquidation with debts of over £700,000 and questions over the behaviour of some of its former directors. The company, which was formed in 2001 and...
04 November 2005
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