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  • UK reinsurer Benfield has announced the sale of its holding in Benfield Sports International (BSI), a sports marketing consultancy.
  • “Volatile” US liability reinsurance drags down Lloyd’s insurer’s financial performance Losses at the discontinued liability reinsurance, healthcare and third-party liability units of specialist insurance group SVB Holdings are continuing to hit operati
  • Lloyd’s defeats Florida Marlins in controversial claims Lloyd’s insurers have successfully disputed a $7.7mn PA claim from the US baseball champions Florida Marlins following a protracted legal battle.
  • Ratings agencies responded rapidly to last Tuesday’s (29 June) news that Germany’s Gothaer Group has decided to run-off its reinsurance arm Gothaer Re, merging it with holding company and 70 percent shareholder Gothaer Finanzholding.
  • Fast growing White Mountains announced last Wednesday (30 June) that Warren Buffett’s investment giant Berkshire Hathaway had completed its previously announced exercise of warrants to buy common shares in the (re)insurance group.
  • Fitch Ratings announced it is maintaining its Positive outlook on the non-life sector in France, despite the coming downturn in the market and warnings of a looming price war. The agency said the downturn is likely to be less severe than in the past, "
  • Lloyd's insurer Kiln is close to topping out its £260mn Syndicate 510 property capacity for 2004, surprising the marketplace and leaving some brokers high-and-dry when it comes to placing renewal business. Sources suggest it seems that rates didn't fal
  • The independent reinsurance broker RK Carvill has lost its leading LMX team following the resignation of Nick Frankland. A senior RK Carvill producer, Frankland, together with two colleagues, has left the group and the expectation is that they may join
  • High drama came to London's Royal Courts of Justice this month with the appearance on the witness stand of Euromepa founder Jean-Claude Chalhoub in a dispute between German reinsurer R+V and managing agency Risk. As reported in previous editions of The
  • Second quarter expected to match strident first quarter, but with the market hitting its cyclical peak, competitition threatens ongoing profitability... US property casualty insurers returned a stunning profit performance in the first quarter of 2004,