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SVB scheme over first hurdle
Lloyd's insurer SVB is on course to executive its restructuring plan after its proposed scheme of arrangement to introduce a new listed holding company, Novae Group plc, was approved in a court ordered meeting today (24 April).
24 April 2006
Paris Re profits hit by cats
Recently-listed European reinsurer Paris Re suffered a drop in profits after exposure to 2007’s catastrophes negatively impacted its bottom line.
30 August 2007
Montpelier Re hit hard by first quarter cats
Montpelier Re has swung to a first quarter operating loss of $23mn compared to a $48mn profit a year earlier, following losses of $94mn from the Chilean earthquake and $3mn from Windstorm Xynthia.
28 April 2010
Ingosstrakh considers London float
Russian insurer Ingosstrakh is considering an initial public offering (IPO) on the London Stock Exchange, according to reports last Friday (31 March). The move would see Russia's second largest insurer become the country's first publicly traded...
03 April 2006
Start-up wholesaler hires senior VP
Start-up US wholesale broker Mercator Risk Services Inc has hired Michael Connelly as senior vice president and manager of its Midwest Casualty operation.
22 May 2006
SCOR pleased with renewals
French reinsurer SCOR has hinted at a strong renewals season saying the group has improved its "positioning" by experiencing "satisfactory conditions on all the markets (excluding the United States) on which the Group operates".
16 January 2006
Metcalf leaves XL London; record 1Q profits
Bermudian giant XL Capital Ltd will part company with Nick Metcalf, the chief executive of its Lloyd’s arm XL London Market Ltd.
04 May 2004
PARIS RE ‘limited’ exposure to sub-prime
AXA Re spin-off reinsurer PARIS RE has reported "limited" exposure to sub-prime US mortgages, of less than 0.3 percent of total invested assets, as it reported an increase in shareholders' equity of 18.3 percent in its 2007 financial year results.
17 March 2008
HCC appoints Molbeck as President and COO
HCC Insurance Holdings’ executive John Molbeck – who returned to the insurer last year after a stint with Jardine Lloyd Thompson’s US arm – will become the company’s new president and chief operating officer. The insurer’s founder Stephen Way will...
27 March 2006
Seaton and Stonewall drop US fraud action after UK court decision
After the UK Court of Appeal upheld a decision on jurisdiction last month, US run-off insurers Seaton and Stonewall have withdrawn their US fraud complaint against Randall & Quilter (R&Q) founder Ken Randall and R&Q affiliate company Cavell USA.
13 January 2010
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