September 2007/3

Private equity backed Canopius Group Ltd joined the throng of Lloyd's (re)insurers launching Bermudian platforms while also confirming it had appointed corporate advisers to consider "strategic options".

QBE European Operations has launched a new reinsurance division in order to bring its Lloyd’s and company business under one roof.

Although revenue growth impressed at Benfield Group Ltd's Corporate Risk business (BCR), shares in the broker fell as the John Lapsley-headed division reported a trading loss of £4.6mn...

Bermuda-based (re)insurer Catlin Group reported 29 percent first-half premium growth following its acquisition of Wellington Underwriting, but profits fell as a result of the deal’s expenses.

Insurer Brit Holdings plc has reported flat first half profits of £106.8mn following a drop in underwriting profits in the "difficult" UK market.