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There are 69,226 results that match your search.69,226 results
  • Rationale questioned as Cox answers back to reserving concerns... The sudden departure of Neil Utley as chief executive of Lloyd's motor insurer Cox on 11 June was met with surprise and shock. The move, and the unusually candid comments from senior
  • Underwriting disclipline is strong theme at Bermuda's World Insurance Forum as evidence mounts of growing rate cuts... Talk at the recent World Insurance Forum in Bermuda was of battening down the hatches in readiness for a downturn already gaining mom
  • Growing signs in the US point to the likely passage of class action reform, as legislators seek to clamp down on the fast growing and costly trend of mass torts. After the Class Action Fairness Act 2003 HR 1115 was passed a year ago by the House of Rep
  • In our regular monthly News Digest, we round up key stories from the last month, presenting them to you in easily digestable snippets.
  • Environmental insurers could be set to benefit from the EU’s new environmental liability directive, according to Valerie Fogleman, partner and head of Environment Group at lawyers Barlow Lyde & Gilbert.
  • Following his targeting of uber broker Marsh for its use of PSAs (see Insider Week passim), New York attorney-general Eliot Spitzer has now set his sights on another Marsh & McLennan (MMC) subsidiary, namely Mercer Human Resource Consulting.
  • Post 9/11 Bermudian start-ups Endurance and Montpelier Re both announced share repurchase plans last week amid signs that the fast growing sector may be slowing, leaving surplus capital to be carved up among investors wishing to cash in stakes at the top
  • Last week was another hive of activity at fast growing (re)insurance group White Mountains as it was revealed that investment giant Berkshire Hathaway had taken a 16 percent stake, while subsidiaries Folksamerica and recently acquired Sirius were subject
  • Lloyd’s specialist insurer Hardy has announced the appointment of George Doughty as underwriter for political risks, a class of business it has not provided until now.
  • Canadian (re)insurance group Fairfax Financial Holdings announced last Thursday (27 May) that it has negotiated an increase in a revolving letter of credit facility from $300mn to $450mn for its reinsurance subsidiary nSpire Re.