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  • Lloyd’s insurers are continuing to expand suggesting 2004 capacity will exceed £15bn Lloyd’s capacity should breach the £15bn barrier next year as managing agents continue expanding their capital bases to take advantage of the ripe trading conditions.
  • French and US regulators have released details of a compliance programme for French bank Credit Lyonnais, which reached settlement earlier this month in a long running investigation into alleged breaches of American and California state banking laws in th
  • The Insurance Insider details the claims behind Sphere Drake’s action against Euro international and Stirling Cooke Brown On the 29th of February this year a writ was issued by Sphere Drake Insurance against Euro International Underwriting (EIU), John
  • Bermudian start-up Flagstone Re will be headed up by former Centre Re CEO David Brown, who will be chief executive of the new operation. According to reports, the company – launched by Bermuda-based hedge fund manager West End Capital Management...
  • Last week saw increased speculation that slimmed down UK general insurer Royal & Sun Alliance (R&SA) is hawking its US property and casualty business to potential buyers.
  • Canadian broker Hub International Ltd has stepped in to purchase Near North National Group weeks after Near North’s management agreed the sale to private equity firm Frontenac.
  • Senior run-off figure Oliver Horbelt has left insurance giant Zurich Financial Services, Insider Week can reveal.
  • Rating agency Standard & Poor’s (S&P) has upgraded the financial strength ratings of Arch Capital’s operating subsidiaries from A- to A with a stable outlook citing the group’s “strong” enterprise risk management (ERM) as one of the reasons.
  • As revealed in Insider Week this Monday (14 November), Bermudian start-up Flagstone Re will be headed up by former Centre Re CEO David Brown, who will be chief executive of the new operation.
  • Pinault receives fine in return for immunity; Peyrelevade and five others left out in the cold