News – Page 535
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Endurance premiums drop; profit margins “under pressure”
Endurance's total premiums written in the first quarter of 2007 were $576.5m, a decrease of $94m or 14%
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Aspen's income up 97%; record Q1 results
Aspen has reported net income of $121.9m in the first quarter of 2007 versus $61.8m in Q1 2006, up 97%
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Hannover Re results hit by €160m Kyrill loss
Hannover Re has reported a 16.8% increase in group net income for Q1 2007
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Bach joins Hiscox to grow US business
Hiscox has announced the appointment of Carl Bachto spearhead business development operations in the US.
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Beazley records 3% rate rise across portfolio
Beazley is set to confirm that underwriting conditions so far this year have been “satisfactory”
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City consortium buys RI3K for £8.3m
A city consortium led by IPGL has bought a controlling interest in RI3K
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CastlePoint reports first results as public company
CastlePoint has reported net income of $7.1m
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AWAC signs agreement with CV Starr
AWAC will increase its US casualty network through a new relationship with CV Starr
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Lancashire weighs in with strong Q1 results
Lancashire has announced net income after tax was $87.9m for Q1 2007
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Markel sees improved combined ratio in Q1
Gross written premiums at Markel International were $213m, an increase of 4% in Q1 2007
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Willis rejects proposed supplemental compensation plans
Joe Plumeri, Willis chairman and chief executive, commenting on the decision to reject supplemental compensation proposals.
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Aspen appoints senior underwriter
Aspen has announced the appointment of Miroslaw Wieczorek as senior structured risk underwriter
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AXIS sees jump in Q1 profits
AXIS Capital has reported net income of $228m for the first quarter of 2007, compared to $195m for the first quarter of 2006
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Lloyd's pilots automatic slip checking
Lloyd's is looking at technology that will check insurance slips automatically.
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McManus to become CEO of Willis UK
R&SA has announced that Brendan McManus is to leave the company to become CEO of Willis UK
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UK earthquake could cost £50m
An earthquake which hit the southeast of England could cost up to £50m in insured losses
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Metcalf leaves Arch; new underwriting director named
Arch Europe has appointed James Weatherstone as director of underwriting, replacing Nick Metcalf
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Aspen Insurance US gains new president
Nathan Warde has joined Aspen Insurance US from Arch Capital Group in the newly formed role of president
