News – Page 489
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Lancashire premiums up by 42.7%
The firm sees its gross premiums climb despite being “tested by the June UK flooding”
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Lancashire joins the IUA
Class of 2005 reinsurer Lancashire has joined the International Underwriting Association
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S&P: European insurers focus on capital management
But ERM and Solvency II also key, according to S&P report
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Guy Carpenter appoints new head of broking
Guy Carpenter appoint Rupert Bedford as head of broking for UK facultative operations
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Online onlyHannover Re profits up; premiums down
Hannover Re’s profits are up 15.8% for the first half of 2007, but its gross premiums have declined 10.4%
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Online onlyTyphoon Usagi makes landfall
Losses are not expected to exceed $500m as the storm weakens to a category 2
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Disappointing Q2 results for Odyssey Re
Odyssey Re report 53% decrease in premiums and reduced income
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Online onlyWillis Group profits leap 17%
Modest half-year growth in commissions and fees despite softening rates
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Endurance names new chief underwriter
Hans-Joachim Guenther to Join Endurance Worldwide Insurance
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Moody’s warns of increasingly risky transactions
Private equity firms will ensure the continued growth of risky transactions, says a Moody’s report
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Flagstone takes major stake in Caribbean insurer
Flagstone chairman Mark Byrne is the new chairman of Island Heritage
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Validus enlists Bear Wagner Specialists
Validus has selected Bear Wagner Specialists to trade its shares on the NYSE
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Cat 4 typhoon to "batter" Japan
Typhoon Usagi has increased in strength and is due to strike Kyushu
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Hub International to acquire Rigg
Acquisition will create a new regional platform – Hub International Rigg
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Aon considers sale of CICA
Following on from healthy Q2 results, Aon are exploring strategic options for CICA
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Validus IPO falls short of target
Validus’ IPO has only produced a modest gain for its private equity backers
