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$1bn Brandywine sale remains uncertain following hearing
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...
21 July 2005
London turns to Benfield debt finance fund
A programme of subordinated debt is offering a new route to capital for Lloyd's and London (re)insurers, The Insurance Insider can reveal.
21 July 2005
Lloyd's restructuring sees loss of more senior Corporation executives
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.
21 July 2005
Hiscox gets set for US lift-off
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.
21 July 2005
Lloyd's looks to raise Central Fund levies
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.
21 July 2005
Catlin Guernsey open for business
Bermuda headquartered Catlin Group announced today (18 July) that its newly established Guernsey operation has begun actively underwriting commercial aviation insurance.
18 July 2005
Aon: softening ‘more gentle’ than usual
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.
18 July 2005
AM Best assigns A- rating to Beazley US operation
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.
18 July 2005
Mexico feels Emily’s wrath
Category 4 Hurricane Emily has made landfall in Mexico causing widespread damage to the country’s Caribbean beach resorts on the Yucatan Peninsula.
18 July 2005
S&P posts upbeat view of Lloyd’s syndicates
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.
18 July 2005
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