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Imagine 994 gets rating upgrade
Rating agency Moody’s has upgraded its performance rating on Imagine Underwriting Syndicate 994 to “C+ Below Average” from “C Below Average”, with a positive outlook.
15 November 2004
Pickering announces retirement
Lloyd’s broker Agnew Higgins Pickering has announced the retirement of Chairman Tony Pickering.
15 November 2004
Share bonanza for Benfield employees and directors
Directors and employees of brokers Benfield have sold stocks worth £38mn as part of a placing of over 12 percent of the company's shares.
15 November 2004
Aon: Aviation rates continue to fall as losses hit new low
Aviation insurance rates continue to fall, according to the latest quarterly review from broker Aon, which compiles data on renewals.
15 November 2004
AXIS announces strategic realignment
Bermudian (re)insurer AXIS has announced the realignment of its organisational structure to, in its own words, “enhance the brand and operations of its insurance businesses and its reinsurance businesses globally”.
15 November 2004
Wellington signs Xchanging as advisor provider
Lloyd's insurer Wellington has outsourced its procurement of external professional advisors to back-office specialist Xchanging.
15 November 2004
Lloyd's gets debt issue off the ground
Lloyd's announced on 10 November that it had successfully set terms for its £500mn subordinated debt issue after an extensive road show that took it to investors in the UK and continental Europe.
15 November 2004
R&SA shows underlying strength, but US doubts linger
Royal & Sun Alliance (R&SA) released analyst beating interim results last Thursday (11 November) as its ongoing operations continue to prosper.
15 November 2004
London calling for Kendrick in ACE reshuffle
ACE announced today a reshuffle of senior executives at its Bermudian and European operations, with current ACE Bermuda president and CEO Andrew Kendrick moving back to London to take on the role of chairman and CEO of ACE European Group.
15 November 2004
Marsh profits down; 3000 jobs to go
Another difficult week for Marsh and its parent company MMC, as it announced falling profits and 3,000 job losses.
15 November 2004
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