Reinsurance spend to increase at Florida renewal. Reinsurance spend is expected to increase in Florida at this summer’s renewals, with Flagstone Re’s chief executive, David Brown, predicting state-backed insurer Citizens will potentially buy up ...
February 22nd, 2012 | Posted in Insurance | No Comments
Christmas Melbourne hailstorm hits Suncorp’s 1H. A six-month catastrophe bill of A$389m ($414m) and soaring reinsurance costs contributed to profits in Suncorp’s insurance division dipping by 45% year-on-year to A$162m for the first half of the ...
February 22nd, 2012 | Posted in Insurance | No Comments
Bermuda premiums down 10% as assets rise. Gross written premiums in Bermuda’s insurance sector declined 10% year on year, according to the latest statistics. The island’s regulator, the Bermuda Monetary Authority (BMA), said this is proof the ...
February 22nd, 2012 | Posted in Insurance | No Comments
Slimmed-down Flagstone looks forward to 2012. David Brown, Flagstone Re’s chief executive, said the carrier is making significant progress with the sale of its Lloyd’s and Island Heritage businesses, with a shortlist of unnamed “qualified ...
February 22nd, 2012 | Posted in Insurance | No Comments
Bolt warns syndicates against additional broker payments in light of Bribery Act. Lloyd’s has issued an explicit warning to its participants on their adherence to the UK’s Bribery Act and will insist that from next month managing agents must ...
February 21st, 2012 | Posted in Insurance | No Comments
