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Hyperion invests in J K Buckenham Ltd
Fast expanding Hyperion Insurance Group, owner of London market broker Howden Insurance Brokers, has bought a stake in the reinsurance specialist, JK Buckenham Ltd for an undisclosed sum.
04 May 2004
Highway withdraws from takeover talks
UK motor insurer Highway Insurance Holdings Plc saw its share price fall almost 10 percent from 38.75p to 35.25p after revealing that it had withdrawn from takeover talks with rival Cox Insurance Holdings Plc.
04 May 2004
Lloyd’s syndicates to be governed by CP190
Lloyd’s syndicates are to be governed by the same rules as UK general insurers according to the latest recommendations published by the Financial Services Authority (FSA).
04 May 2004
Partner Re appoints Renggli to head Global Finite arm
Partner Re has appointed Thomas Renggli, the former head of Swiss Re’s insurance marketing, central Europe, as the head of Global Finite Reinsurance.
04 May 2004
SVB bolsters claims management with Boyns appointment
Quoted Lloyd’s insurer SVB has bolstered its claims management with the appointment of Jonathan Boyns into the newly created role of group claims director.
04 May 2004
Bermuda results roundup
(Re)insurers surge ahead on hard market swell Bermuda’s (re)insurers got off to a positive 2004 first quarter with the majority posting results in line or above expectations.
04 May 2004
Atrium reaps rewards of hard market
An 83 percent leap in pre-tax profits helped propel Lloyd’s insurer Atrium into a strong showing for the 2003 year of account.
04 May 2004
WTC verdict: Jury nixes Silverstein hopes with “one-event” decision
Lloyd's and other insurers released from two-event scenario; Swiss Re bound by WilProp; other insurers not bound by one-event wordings; further trial to follow
04 May 2004
Counting the cost of Spitzer
As the controversy over PSAs grows - with subpoenas issued to both brokers and insurers - could the actions of US regulators cost MMC and Aon more than $1.5bn? The revelation that New York attorney-general Eliot Spitzer is investigating brokers' use o
01 May 2004
CIC involved in multi-million dollar US healthcare 'fraud'
Controversial insurer CIC has become embroiled in a fresh scandal relating to an alleged US multimillion dollar employee health care fraud involving participants from both sides of the Atlantic. Last month, Federal Bureau of Investigation officers swoo
01 May 2004
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