All London articles – Page 59
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Oxygen acquires Lloyd’s broker
Oxygen completes acquisition of live event insurance specialist Robertson Taylor
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Novae appoint underwriting director
Bill Edrich appointed underwriting director of Novae’s insurance company
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Hiscox has expected rating withdrawn
Fitch has withdrawn Hiscox’s subordinated securities expected rating
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Converium upgraded to "A-"
Successful acquisition by SCOR leads to upgrade; SCOR ratings affirmed
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New hire for Lloyd's South Africa
Litha Mveliso Nyhonyha has been appointed general representative for Lloyd's in South Africa
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Lancashire CFO given risk role
McConachie appointed as chief risk officer, in addition to his current role as CFO
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Brit expands personal accident team
Keith Thorogood, who joins Brit Insurance from Catlin, appointed as personal accident underwriter
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JLT hires Japanese construction expert
Nobuyuki Akahane joins broker from Marubeni Corporation
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Analysis
Is subprime the next Enron?
Professional liability re/insurers prepare for the fallout of the US subprime collapse
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Hiscox reports record half-year results
Insurer increases profits by 72.1%, GWP rises 17%
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TAWA expands APH team
Three new appointments join from Axiom to strengthen consulting service
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Hardy expects stable capacity for 2008
Syndicate 382 profit for 2006 to be in range of 11% to 16%
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New global property treaty head for Heritage
James Braddock joins from Ascot as head of new international property treaty portfolio
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Hiscox purchases interest in Allison & Partners
Hiscox has acquired 49% of Allison and Partners, with an option to buy the remaining 51%
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Montpelier surges on in US
Montpelier Re gains coverholder approval for syndicate; buys E&S company for $4.75m
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ACE forms construction group
New group will build on existing capabilities in construction underwriting
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Aspen Re launches exposure management tool
Risk management platform developed in conjunction with RMS
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Chaucer announces positive results for 2005 and 2006
But company predicts premium rates to weaken in 2008 and will decrease capacity of Syndicate 1084