Reinsurance
Montpelier opens in Lloyd's to write US MGA business
Bermudian reinsurer Montpelier Re has announced that it has received approval from Lloyd’s for a new syndicate, to be known as Montpelier Syndicate 5151to start trading on July 1st 2007.
Lancashire secures $49m+ contingent equity facility
Bermudian (re)insurance start-up, Lancashire Holdings has announced that it has entered into a short-term contingent equity arrangement to provide it with at least $49m in funds at its discretion.
Aspen Re chooses Zurich for new European hub
Bermudian-parented reinsurer Aspen Re has unveiled plans to open a major European hub office in Zurich trading under the name Aspen Re Europe.
State Farm to place Jumbo $4bn Cat bond
US insurance giant State Farm is to place just over $4bn in catastrophe bonds through a vehicle called Merna Re.
Ex Cooper Gay board member given new Benfield role
Benfield has appointed Frank Rieder, senior vice president, to its international reinsurance and non-marine retrocession team.
G6 gains traction as Aspen Re signs up
Aspen Re, a subsidiary of the Bermudian group Aspen Insurance Holding, has announced the launch of a global IT platform based on the group of six (G6) standards.
Aspen backs G6 over e-trading
Aspen Re has launch of an IT global platform that will enable it to trade live risk messages electronically with Lloyd’s brokers anywhere in the world.
Fund dispute settlement
Broker Benfield and Aon this week announced that they had reached a conclusion with Lloyd's in relat...
Appointment at JDC Consultants
JDC Consultants has made two appointments to its team. Michael Kelly has joined as manager, special ...
Transparency troubles
Broker remuneration and transparency still concerns risk managers, according to an interactive surve...
Miles Smith highlights pitfalls of QBE asbestos policy
Broker Miles Smith has hit out at QBE's asbestos policy wording in a document sent to its sub-broker...
Our man in Havana ... and Jamaica ... and New Orleans
International loss adjusting
Penny Black's insurance week
Penny, on the phone this week with Call Connection, was quite happy to jot down the many details of ...
What the papers said this week
The Daily Telegraph Equitas has started sending cheques to the 34,000 reinsured Names who are d...
DE Shaw buys James River, to merge with Bermudian operations
US specialty insurer James River Group has announced that its board has unanimously agreed to be taken over by hedge fund group, DE Shaw.
Glacier Re sells $75m Nelson Re cat bond
Switzerland-based reinsurer Glacier Re has announced thhe issuance of a $75m catastrophe bond through a vehicle known as Nelson Re.
Benfield reports of £8m impact of Lloyd's settlement
Benfield today announced that it has reached a conclusion with Lloyd's in relation to the New Central Fund dispute and that the financial impact of the agreement will be approximately net £8m. This will be accounted for as an exceptional item.
Lloyd's settles with broker giants
Lloyd's has reached a settlement with the two brokers involved in the placement of the New Central Fund insurance policy.
Equity wins Man trucks contract
Equity Insurance Group has announced an affinity deal with Man Financial Services, a division of truck and coach manufacturer, Man ERF UK.
Ironshore wins Texas surplus and excess licence
Bermudian insurance start-up Ironshore has announced tha it has won a licence to write property, property catastrophe and casualty insurance on an excess and surplus basis for risks located in the State of Texas.
Flood definition may lead to policy changes
A recent judgement could change the definition of a flood and its causes, and lead some insurers to ...
Primary withdraws rating
Primary Group has opted to withdraw the AM Best rating from its Irish insurance company subsidiary a...
New president for IronPro
Ironshore announced today that Mike Mitrovic has joined its professional liability facility IronPro ...
Lloyd's to replace existing £335m syndicate loans issue
Lloyd’s is to return to the debt markets with a benchmark issue of Tier 1 perpetual subordinated debt.