Reinsurance
Harbor Point opens with $1.5bn, looks for US acquisition
Stone Point Capital has announced the completion of fundraising of new Bermudian start-up Harbor Point Limited and the closing of the acquisition of the ongoing assumed reinsurance business of Chubb Re.
IPC chairman to go in reshuffle
Bermudian catastrophe reinsurer IPC Holdings has announced the retirement of its chairman Joseph C. H. Johnson, with effect December 31, 2005. Mr. Johnson will also be retiring from the board of IPCRe.
UK could have its own Katrina
Environmental Claims
Appointment at Atrium Underwriting
Atrium Underwriting chief executive Nick Marsh is being replaced by Steve Cook, previously group man...
Ace announces net after-tax losses
Ace has announced that estimated net after-tax losses for the Ace Group of Companies from Hurricane ...
Lancashire Holdings raises new capital
Lancashire Holdings, the reinsurer launched by former Ascot underwriter Richard Brindle, has success...
Axis chief financial officer steps down
Andrew Cook, chief financial officer at Axis Capital Holdings, has confirmed he will step down from ...
Appointment at Alexander Forbes
Alexander Forbes has expanded its corporate risks and international business in Birmingham with the ...
Lancashire IPO underwriters exercise options
In a sign that its London AIM market debut has been well received by investors, Bermudian start-up Lancashire has announced that it has received notice from Merrill Lynch, acting on behalf of the managers to the placing that it has exercised rights to…
$1bn Validus Re opens for business
New Bermudian start-up Validus Re has announced its formal launch. The company has raised an initial $1bn in equity capital and has received a rating of A- (Excellent) from AM Best.
2006 positive news for insurers, says Swiss Re
Swiss Re has predicted positive underwriting results for the primary non-life and life sectors in 2006. Non-life primary premium rates are, the reinsurer said, expected to grow above inflation in 2006.
New chief executive for Atrium
Atrium Underwriting plc has announced today that Nick Marsh is moving into a new role as director of corporate underwriting. He will also be director of underwriting review for the wholly owned managing agency subsidiary, Atrium Underwriters Limited.
“Precautionary” IPCRe notice to put AWAC in control of volatile Cat business
Bermudian (re)insurer Allied World Assurance Company (AWAC) has clarified its position to Reinsurance Magazine following the announcement from IPC Holdings that AWAC had put IPC on notice to cancel the underwriting agency agreement between the two…
Aspen completes $389m fundraising
Bermudian (re)insurer Aspen Insurance Holdings has announced that it has completed the sale of 8.3m ordinary shares at a price to the public of $24 per share, to raise approximately $195m and of 4m Perpetual Preferred Income Equity Replacement Securities…
Cook to quit as CFO of Axis Capital
AXIS Capital Holdings announced that its chief financial officer, Andrew Cook, will step down, effective April 1, 2006, for personal reasons. The company has commenced an executive search for his replacement.
Lancashire starts trading on AIM after $1bn capital raising
Lancashire Holdings, the reinsurer launched by former Ascot underwriter Richard Brindle has raised approximately US$1bn in new capital.
Lancashire set for London IPO and 1/1 start-up
Lancashire holdings, the class of 2005 Bermudian (re)insurer set up by former Lloyd’s underwriter Richard Brindle is set to float on the AIM market in London next week.
Chaucer signs agreement with PXRE Reinsurance Company
Lloyd's insurer Chaucer has signed an agreement with PXRE Reinsurance Company to acquire its wholly ...
What the papers said this week
The Daily Telegraph - A man has been sentenced to two weeks in jail for trying to sue a council wit...
Kiln revises its estimates for pre-tax cost of hurricanes
Lloyd's insurer Kiln has revised its estimates for the pre-tax cost of Hurricanes Katrina, Wilma and...
Lloyd's unlikely to suffer wholesale downgrade
Lloyd's is unlikely to suffer a wholesale downgrade of the market following its announcement of incr...
Lloyd's and london market review - Never seen anything like it
The past year has been one of unprecedented events in the insurance industry. Ralph Savage reports on how Lloyd's and the London market rode the rollercoaster ride of 2005
View from the Top - Globalisation is key to risk management
The perception of risk has changed. Does anyone really believe that Hurricane Katrina was the big on...
Integro could double
Start-up broker Integro could double its UK arm size within a year, depending on market opportunitie...