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Liberty Syndicates expands to £793mn
Reinsurance focussed Lloyd’s insurer Liberty Syndicates continued its rapid advance last week when confirming that 2004 capacity will be £793mn – making it one of the largest Lloyd’s managing agencies behind Limit, Amlin and Hiscox.
08 December 2003
Australian claims rising after storm
Insurance claims are continuing to rise following severe storms on its East Coast over 9-10 June. The Insurance Council of Australia said the estimated cost of claims from the storm is now A$270mn.
18 June 2007
JLT shares drop ahead of prelims
Shares in UK listed broker Jardine Lloyd Thompson Group plc (JLT) have dropped 7 percent today ahead of the company’s announcement of its preliminary 2005 results tomorrow morning.
06 March 2006
Lloyd’s awaits on Bank of England to ratify new CEO
Lloyd’s has chosen the former head of the International Petroleum Exchange (IPE) Dr Richard Ward to become the next chief executive of Lloyd’s, Insider Week can reveal. But the Society is still waiting on the Bank of England to ratify the decision...
06 March 2006
China cracks down on “illegal” foreign insurers
The Chinese authorities are targeting illegal operations of foreign insurers, according to the official Xinhua News Agency.
18 August 2003
Amlin low loss ratio indicates strong 2003 result
Lloyd’s insurer Amlin plc has revealed that the 9 months claims ratio is even lower for 2003 than last year – indicating a minimum of two years of strong underwriting returns.
24 November 2003
Litigation charge hits Citibank hard
US financial services behemoth Citigroup revealed the full impact of its previously announced $4.95bn second quarter charge to settle litigation springing from corporate scandal cases such as WorldCom and Enron as it unveiled its worse quarterly figures i
19 July 2004
WTC set for February 2004 trial
If a potential mediation fails, then February 2004 has been scheduled for the start of the World Trade Center dispute between the leaseholder, Silverstein Properties Inc, and various insurers led by Swiss Re.
03 November 2003
Private equity sells stake in Aspen
Private equity investors The Blackstone Group and DLJ Merchant Banking Partners will sell their stakes in Bermudian (re)insurer Aspen Insurance Holdings Ltd in an underwritten public offering.
02 July 2007
Zurich senior executive promoted
Swiss (re)insurer, Zurich Financial Services Group announced today that with immediate effect, Mike Kerner will become global chief underwriting officer for general insurance.
18 June 2007
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