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Hardy improves 2001 profit forecasts
Releases from prior year loss reserves have helped Hardy Underwriting Ltd improve its profit estimates on the 2001 year of its Lloyd’s Syndicate 382.
26 August 2003
RBS replaces Zurich bound CEO
Zurich Financial Services (ZFS) has appointed the head of Royal Bank of Scotland (RBS) Insurance Annette Court to become the chief executive of its European General Insurance operations.
13 November 2006
Fireman’s Fund shuffles CEO
Allianz subsidiary Fireman’s Fund Insurance Company has appointed Joseph Beneducci as its CEO, starting 1 January 2007.
04 December 2006
Ark and Hiscox sidecar syndicates go live
A duo of proposed special purpose syndicates (SPS) to provide quota share reinsurance to Ark Syndicate 4020 and Hiscox Syndicate 33 respectively have gone live for the 2008 year, Insider Week can reveal.
07 January 2008
St Paul terminating contingent commissions
US insurer St Paul Travelers is to terminate the payment of contingent commissions to brokers by the end of the year, according to Connecticut attorney general Richard Blumenthal.
08 January 2007
WFUM creditors vote on scheme
Creditors for all 16 of the participants in the proposed WFUM pool scheme of arrangement met in London on 27 October.
17 November 2006
Share sale boosts Fairfax profit
The sale of shares in subsidiary Odyssey Re boosted the fourth quarter profits of Canadian combine Fairfax Financial Holdings to $159.1mn.
26 February 2007
Greenberg appointed ACE chairman
Bermudian (re)insurer ACE Limited has appointed its CEO Evan Greenberg as chairman of the board from May this year.
05 March 2007
Talbot predecessor costs Lloyd’s Central Fund a further £30mn
In the week that Talbot is set to announce a profitable sale to Bermudian (re)insurer Validus (see article 7), its predecessor company, Allegheny Underwriting drew-down a further £29.9mn from the Lloyd's Central Fund to cover its legacy losses.
14 May 2007
Asbestos reform struggles for centre stage
Senator Orrin Hatch has not given up on his asbestos reform proposals and believes the measure may still make it to the Senate floor this year, despite being overshadowed by Iraqi funding, energy policy and Medicare concerns.
15 September 2003
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