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Arch raises $200mn
Bermudian Arch Capital announced on 26 January that it is to raise $200mn through a sale of Preferred Shares. The company stated that the purpose of the offering was to fund underwriting activities at its (re)insurance subsidiaries.
30 January 2006
CNA announces third quarter net loss
CNA Financial Corporation has reported a third quarter net loss of $155mn. The group's net loss in the current quarter is due primarily to an estimated loss of $304mn after-tax ($468mn pretax), net of reinsurance, from the 11 September attacks and related
01 November 2001
Wellington to sponsor London based underwriting vehicle
Wellington Underwriting plc has announced that the Group's managed syndicate 2020 plans to double its underwriting capacity to $1bn for 2002, and that the Group was examining the options available to raise the capital needed to support the growth of the b
01 December 2001
Liability premiums to rise after ruling, says Swiss Re
A landmark UK High Court decision last week likely to increase payouts on some unsettled bodily injury claims will hit reinsurers hardest and lead to rising premiums, according to Swiss Re.
04 December 2006
Canopius outsources accounting functions to Axiom
Specialist insurance services organisation Axiom Consulting has agreed a major deal to supply an outsourced accounting facility to London-based insurer Canopius.
15 August 2005
Hiscox acquires fine art book
AIG-backed Lloyd’s insurer Ascot has withdrawn from fine art underwriting, it emerged last week.
22 August 2005
HCC commutes outstanding A&H reinsurance contracts
HCC Insurance Holdings revealed last week that it will take a third quarter charge of $17mn – the equivalent of 16 cents a share – after commuting around $145mn of reinsurance recoverables.
03 October 2005
Conference calls reveal downbeat assessment of SCOR renewals
The premium income of the four major European reinsurers grew by 2 percent in aggregate following this year’s renewals season, according to research from brokers Benfield.
08 March 2004
Ex-ambassador joins Lloyd’s Council
Lloyd’s has announced that Philip Lader, formerly US ambassador to the United Kingdom, will join the Lloyd’s Council as a nominated member.
08 March 2004
SCOR reunites with pools
French (re)insurer SCOR will take up membership of the pools Réunion Aérienne and the Réunion Spatiale on 1 January 2006. SCOR, whose application to join the pools was accepted in November, will take a 5 percent share of each pool.
05 December 2005
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