Reinsurance
More Lloyd's takeovers to come, says KBW
Financial analysts at Keefe Bruyette and Woods (KBW) have named Lloyd’s insurers Advent, Beazley, Catlin and Chaucer as attractive candidates for takeover bids from overseas companies in 2008.
Ironshore adds surplus shell to US offering
Bermudian start-up Ironshore has announced that its US subsidiary Ironshore Holdings, has completed the acquisition of TIG Specialty Insurance Company, a US-based excess and surplus lines insurance company, from TIG Insurance Company.
Willis: market reverting to "feast and famine"
Early reports reveal that reinsurance prices have fallen across most classes of business in line wit...
Start-up firm launched
James Stanard, former chief executive officer of Renaissance Re, and Rod Fox, former CEO of Praetori...
Validus terminates deal
Class of 2005 start-up Validus Holdings has announced that its collateralised quota share retro-agre...
Post Online top five
The top five most read stories on postonline.co.uk in the last week were: 1. Lloyd's creates Christ...
Wills Re: Degree of softening divides reinsurance markets
The reinsurance industry is showing signs of reverting to its historic pattern of feast or famine, and that as the market softens differences in response are emerging between the reinsurance hubs of Bermuda and London.
Guy Carp: property Cat reinsurance rates down 9% at 1/1
Reinsurance broker Guy Carpenter has pointed to across the board rate decreases over the 1st Janaury reinsurance renewal season.
Stanard and Fox to start underwriting consultancy
James Stanard, former CEO of Bermudian catastrophe reinsurer Renaissance Re and Rod Fox, former CEO of US specialty insurer Praetorian, have announced the formation of an underwriting management company to be called New Asset Class Management.
Bush signs new 7-year TRIA into law
President Bush has signed the final compromise version of a 7-year extension to the US Terrorism Risk Insurance Act (TRIA) Federal government terrorism insurance backstop into law.
Validus cancels Petrel sidecar
Class of 2005 start-up reinsurer Validus has announced that its collateralised quota share retro agreement with Petrel Re will not be extended beyond the 2007 underwriting year.
Lloyd's creates Christmas cancellation policy
Lloyd’s, the 319-year-old insurance market, is offering the first and only insurance policy in the world to families in the event that the Grinch steals Christmas.
Cherkasky out at Marsh as performance dips
Marsh & McLennan Companies today announced today that its board of directors has initiated a search for a chief executive officer to replace Michael Cherkasky, who has served as president and chief executive officer of the company since October 2004.
President of Lloyd's America resigns
Winifred "Wendy" Baker will step down as the president of Lloyd's America at the end of December after nine years in the role, according to a news report from AM Best.
XL bond insurers go negative as S&P sours on sector
As part of a negative move regarding the ratings of six bond insurers, ratings agency Standard & Poors (S&P) has placed the ratings of former XL subsidiaries, XL Capital Assurance Inc., XL Financial Assurance Ltd and XL Capital Assurance (UK) Ltd’s…
Huxley launches PR agency
Mark Huxley, the founder of Davies Managed Systems and a former group services director of Axis Inte...
Appointment at M4 Underwriting
M4 Underwriting has announced four new additions. Gill Higginbottom joins M4 as commercial underwrit...
Integro looks to grow
Integro Insurance has said it will look to grow into "any profitable areas" after its London office ...
Dandridge joins boards
Lloyd's broker RFIB Group has confirmed that Christine Dandridge will join the boards of RFIB Holdin...
Sphere Drake four are banned by FSA
Four people at the centre of the 2003 Sphere Drake court case were last week banned by the regulator...
Aspen appoints head
Aspen Insurance Holdings has appointed Bernard de Haldevang as head of political risk insurance with...
Congress sends new 7-year TRIA extension to Bush
The US House of Representatives has sent a final compromise version of a 7-year extension to the US Terrorism Risk Insurance Act (TRIA) state terrorism insurance backstop to the White House for presidential approval.
Former Lloyd's boss joins broker board
Lloyd's broker RFIB Group has confirmed that Christine Dandridge will join the boards of RFIB Holdings and RFIB Group Ltd as a non- executive director on 1st January 2008, subject to regulatory approval.
Integro relocates London base in growth drive
Integro Insurance Brokers has relocated its London office to 100 Leadenhall Street, EC3 from 81 Gracechurch Street.