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  • Despite a hearing earlier this month headed by the Pennsylvannia insurance commissioner Diane Koken, ACE Ltd is no closer to knowing whether the proposed controversial sale of three asbestos-riddled subsidiaries to run-off company Randall & Quilter...
  • A programme of subordinated debt is offering a new route to capital for Lloyd's and London (re)insurers, The Insurance Insider can reveal.
  • Lloyd's revealed this month was parting company with two more senior executives as part of a restructuring that will see the Corporation move further away from a regulatory emphasis to one of operational risk management.
  • Hiscox plc has become the latest Lloyd's insurer to expand its presence in the US with a 19 July announcement that it has made three key appointments to its proposed New York office, due to open up early 2006.
  • The Lloyd's Franchise Board has been granted more time to consider raising the Central Fund levies next year in a move which may prove unpopular with the insurers who trade in the market.
  • Bermuda headquartered Catlin Group announced today (18 July) that its newly established Guernsey operation has begun actively underwriting commercial aviation insurance.
  • Although reinsurance rates have continued to soften, the evidence at mid-year renewals is that the downward trend is not uniform, according to world’s second largest broker Aon.
  • Ratings agency AM Best has assigned a financial strength rating of “A-“ (Excellent) and an issuer credit rating of “a-” to Beazley Insurance Company, Inc, the newly formed US subsidiary of Beazley Group, plc.
  • Category 4 Hurricane Emily has made landfall in Mexico causing widespread damage to the country’s Caribbean beach resorts on the Yucatan Peninsula.
  • Ratings agency Standard & Poor’s has posted a positive outlook in its latest Lloyd’s Syndicate assessment (LSA), upgrading the ratings of seven Lloyd’s vehicles and downgrading none.