News
Chubb places $250m cat bonds
Global specialist insurer Chubb has bought securitised reinsurance worth $250m to protect its Northe...
AWAC and CV Starr join forces
Bermudian (re)insurer Allied World Assurance Company (AWAC) has announced a tie-up with specialist u...
9/11 payouts hit $37bn, claims III
Insurers in three US states have paid an estimated $37bn in property, life and liability claims for ...
Travelers buys $500m cat bond
US insurance group Travelers has placed a $500m catastrophe-bond programme through Cayman Islands sp...
Grant Thornton sets initial dividend at 100% for UIC
Grant Thornton's financial-markets group claimed it has set the first-ever initial dividend for an i...
$2bn 9/11 insurance settlement made
A groundbreaking $2bn settlement of claims arising from the destruction by terrorists of the New Yor...
Ace Europe opens Prague and Budapest offices
Ace Europe has opened two new offices in Budapest and Prague as part of its expansion in Central and...
AIR adds Carvill US wind index to models
Reinsurance intermediary Carvill has announced an agreement with modelling firm AIR Worldwide Corpor...
Repeat of 1927 flood may cost $160bn
The Great Mississippi Flood of 1927 - the largest flood disaster in US history - would rack up $160b...
Brit sells RI3K control
Brit, the international (re)insurer, has ended months of speculation by announcing it has sold a 56%...
Breach of contract lawsuit
Guy Carpenter sues three London Integro defectors
Partner Re buys non-French renewal rights of MCR
Partner Re has signed a definitive agreement with the French Monceau Group, effective 1 July 2007, t...
Cooper Gay sells stake in business
Cooper Gay has announced that SC Insurance and Risk Services (SGPS), a subsidiary of the Portuguese ...
$600m new Pentelia reinsurance venture launched in Bermuda
Bermudian (re)insurance group White Mountains has joined forces with French investment bank NATIXIS ...
Fear of kidnapping must be addressed
Global broker Aon has called on the oil industry to address employee concerns over the increasing nu...
Flagstone Re first to graduate with second rating
Class of 2005 Bermudian reinsurance start-up Flagstone Re has been awarded an 'A-' rating from ratin...
Talbot sale to Validus completed
Bermudian reinsurer Validus Holdings has bought Lloyd's specialist (re)insurer Talbot, the Bermudian...
Russian group pick ex-SVB figure to head London office
Oslo Marine Group, the investment, insurance and leasing group, based in St Petersburg, Russia, has ...
SCOR wins Converium with sweetened offer
The board of directors of Converium has unanimously accepted a revised offer from rival insurer SCOR...
Munich Re buys Lloyd's broker
Reinsurance giant Munich Re has bought its long-term partner, Lloyd's broker Bell and Clements, in a...
Brazil's reinsurance prices set to fall
Prices in the Brazilian reinsurance market are set to fall when the market is finally opened up in 2...
Ironshore wins South Carolina and Florida licences
Bermudian start-up Ironshore has been approved to provide property/catastrophe insurance on an exces...
Culver hints at good times ahead
AIM-listed broker Culver is attempting to allay fears about falling premium income with news of acquisitions and new contract wins in the pipeline.
Composite launches Title Insurance
Composite has launched Composite Title which provides specialist insurance products to mortgage lenders, IFAs and law practices in the UK. The new product pays an indemnity when things go wrong with the title of a property - residential or commercial -…