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QBE reshuffles European structure
Australia headquartered (re)insurer QBE is set to merge its European commercial and European divisions to create a single Dublin based operation.
27 June 2005
2005 boomtime for non-life, says S&P
European non-life insurers are set for record profits in 2005, according to the latest quarterly report from ratings agency Standard & Poor's (S&P), entitled “Industry Report Card: European Insurance”.
27 June 2005
Illium moves into motor
Lloyd’s liability specialist Illium Insurance is set to expand into commercial motor insurance next year after recruiting former Equity Red Star underwriter John Shepherd.
27 June 2005
JLT aims to mend investor relations with analyst appointment
UK broker Jardine Lloyd Thompson Group (JLT) plc is attempting to build bridges with the investment community by appointing former CAI Cheuvreux analyst Barrie Cornes as head of its investor relations team, Insider Week can reveal.
27 June 2005
More Marsh executives bitten by Integro bug
Start-up broker Integro has maintained the momentum of the past few weeks with news of another key hiring.
27 June 2005
Munich Re takes sideways swipe at ratings agency methodology
German reinsurer Munich Re Group has elaborated on its financial position. At an investors’ conference today in London it said the Group's available financial resources had increased by EUR1.9bn to EUR22.6bn in the business year 2004. At the same time, th
27 June 2005
Hiscox plans further capacity cutback
Lloyd’s listed insurer Hiscox last week (21 June) described rates as “strongly profitable”, despite more competitive conditions, but said that it is likely to reduce capacity on its Syndicate 33 for next year, from £775mn to £650mn.
27 June 2005
Kinnect adds to customer base
Lloyd’s based electronic data transfer initiative Kinnect has confirmed that Beaufort Underwriting Agency Ltd has signed contracts to become its 20th customer.
27 June 2005
ACE reveals extent of regulatory probes
The extent of US regulatory interest into ACE Ltd was laid bare last week when the insurance group revealed it had handed over information on over a 100 different contracts.
27 June 2005
St Paul commutes with Kemper over construction surety bonds loss
US insurance giant St Paul Travelers revealed last week that it had entered into a settlement agreement with the Kemper Insurance Companies over a disastrous surety bond contract which has gone at least five times over its original estimates.
27 June 2005
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