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  • US property casualty giant The Hartford preannounced a higher than expected set of fourth quarter results last Wednesday (14 January) with an 8-K SEC filing.
  • After months of speculation, Xchanging and IT provider Rebus iS look set to finalise merger plans, Insider Week can reveal.
  • The recent round of renewals saw little change in market conditions as the reinsurance market generally upheld underwriting discipline, according to a report released today (19 January) by broker Benfield.
  • The P&I market is performing below its full potential despite two years of hard markets, according to a new report release by HSBC Insurance Brokers.
  • Recently floated Bermudian (re)insurer Alea released a buoyant trading statement today (19 January 2004), highlighting strong renewals and good prospects for the year ahead.
  • Another new appointment at SVB last week as the Lloyd’s insurer unveiled Tony Hambro as a non-executive director.
  • Reinsurance broker Benfield announced Friday (16 January) that its Australian subsidiary Benfield (Australia) Pty Limited has bought rival Airs Re Pty Ltd.
  • According to the International Underwriting Association (IUA), most London Market (re)insurers are in a position to prove their eligibility for exemption from Federal Excise Tax (FET) as required by a recently imposed UK/US Tax Treaty.
  • Lloyd’s chairman Lord Levene has again focused on tort reform, US funding requirements and the “special relationship” between the UK and US in a speech to the Downtown Association in New York.
  • According to a new report from rating agency Moody’s, statutory reserve requirements are making direct writers of US individual life insurance policies increasingly dependent on offshore reinsurance to offload growing reserving pressures from their balanc