Hardy Insurance
Equity names Xchanging’s Yorke as its first COO
Equity Insurance Group has continued to restructure its leadership following yesterday’s confirmation that the Aquiline purchase had completed.
Solvency II: worth the wait?
After many delays, Solvency II implementation is still far from certain. While some insurers have grown disillusioned by the process, others remain keen to see the directive’s benefits come to fruition.
Argenta recruits Hardy claims head for syndicate role
Argenta has recruited Hardy’s claims boss to serve as its own head of claims and reinsurance at its Lloyd’s syndicate from 2 April.
Aquiline boosts Lloyd's foothold with cut-price acquisition of Equity Red Star
Aquiline Capital Partners' acquisition of Equity Red Star for £87m – a far cry from the £570m IAG paid for Equity Insurance Group in 2006 – marks the New York-based firm's latest foray into the Lloyd's market.
Hardy raids London market for senior quartet
Lloyd's insurer Hardy has made the first senior appointments following its acquisition by CNA, including a new chief operating officer.
Hardy boss looks to the future after restructure and sale are finalised
Hardy chief executive Barbara Merry has said the business can now “look to the future”, following a restructure of its property treaty book and conclusion of its sale to US insurer CNA.
Post magazine – 5 July 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Hardy acquisition completed
Hardy has ceased trading on the London Stock Exchange as of today following completion of its acquisition by CNA Financial.
July date set for £143m Hardy and CNA merger
CNA's acquisition of troubled Lloyd's insurer Hardy is expected to come into effect on 2 July.
Hardy suspends Singapore underwriting amid refocus on US risk
Hardy Underwriting is refocusing its property treaty business on US risk and away from the international business that brought catastrophic losses over the past two years.
Hardy gets tough on property treaty with 19.1% rate rises
Hardy Underwriting has reported that gross written premiums for its syndicate have decreased by 21.5% year on year, primarily as a result of discontinuing certain underperforming lines of business and a reduction in catastrophe risk appetite.
Lloyd's: Can the market fully recover from the losses in 2011?
Lloyd's' market performance and underwriting discipline has long been praised by the industry but, after the near unprecedented losses in 2011, many are wondering whether it can fully bounce back.
Redomiciling: London calling as tax changes make the UK more attractive
Will a reduction in corporation tax and changes to the Controlled Foreign Companies regime make the UK a more attractive place to domicile?
Hardy shareholders say yes to CNA deal
Hardy shareholders have approved the £143m sale of the Lloyd's insurer to CNA.
Canopius' 65p offer reflects 2011 Omega losses
Canopius' decision to offer to acquire Omega at a lower share cash offer is because the listed company posted losses last year, according to a source.
Omega international appeal soars following CNA £143m bid for Hardy
CNA acquiring Hardy could trigger a rush by international players to purchase Omega in a bid to access Lloyd's, analysts have predicted.
Post magazine - 29 March 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Omega shareholders to reject Catalina offer
Omega shareholders could shun run-off business buyer Catalina Holdings' acquisition offer.
Insurance Insight – top 10 stories
The 10 most read stories from www.insuranceinsight.eu over the past seven days.
European sovereign debt hits insurer profits
2011 was the worst year on record for natural catastrophes, yet it was cracks in the Dow Jones, faults in the FTSE and tremors on the Hange Seng that bothered many insurers more.
Hardy advised by Debevoise & Plimpton over sale
Hardy Underwriting is being advised Debevoise & Plimpton over the insurer's £143m deal with CNA.
Cash deal and incumbent Hardy bosses swung CNA deal
CNA's decision to keep Hardy chief executive Barbara Merry and chief underwriting officer Patrick Gage along with the cash deal secured the deal.
CNA to acquire Hardy
US commercial insurer CNA is to acquire Lloyd's insurer Hardy Underwriting.
CNA to buy Hardy
US commercial property and casualty insurer CNA is to acquire troubled Lloyd's insurer Hardy Underwriting.