Reinsurance
Run off firm enters US market with PXRe acquisition
Non life run off consolidator Tawa has entered into a stock purchase agreement with Argo Group International to acquire its subsidiary, PXRe Reinsurance for an estimated cash consideration of US$114m.
Cats hit Munich’s 3Q reinsurance results
Munich re has unveiled third-quarter 2007 results showing it wrote €5,476m for a combined ratio of 97.1% against premiums of €5,504m and a combined ratio of 92% in same period a year earlier.
Ironshore buys US admitted shell
Bermudian start-up Ironshore's US subsidiary has completed the acquisition of Stockbridge Insurance Company, a US-based admitted insurance company, from Folksamerica Reinsurance Company. Subject to regulatory name change approval, the company will be…
Integro announces Guy Carp recruits
Integro has appointed two principals to the firm’s recently launched insurance and reinsurance group based in London. John Millar and Andrzej Danyluk both join Integro from Guy Carpenter.
Montpelier completes US E&S buy
Montpelier US, the Hartford-based subsidiary of Bermudian reinsurer Montpelier Re has completed the purchase of US excess & surplus lines company General Agents Insurance Company of America, after receiving regulatory approval from the Oklahoma…
Talbot unveils new senior appointments
Talbot Underwriting today unveiled a series of senior underwriting appointments:
Lancashire premiums up 40%
Lancashire has announced it is carrying out a £50m share buy-back to help boost its price after unve...
XL defiant as rival poaches underwriter
XL has shrugged off speculation that it could lose more of its Dublin-based casualty division's empl...
Tokio Marine wins Biba travel scheme
Tokio Marine has defeated 11 rivals to underwrite a British Insurance Brokers' Association "flagship...
Penny Black's insurance week
They are a sophisticated bunch those reinsurers, Penny thought. While domestic insurers congregate i...
Oval makes healthcare push
Oval has formed a healthcare division through the acquisition of Bristol and Lancashire-based broker...
What the papers said this week
Metro A biker who claims he was traumatised when he saw a fatal road accident is seeking compen...
Atrium in Room tie-up
Atrium Underwriters is the first insurer to go live with a new business process outsourcing service ...
Facilities Challenge - Connecticut AG accuses Guy Carp facilities of price fixing
Connecticut attorney general (AG) Richard Blumenthal has launched a lawsuit against Guy Carpenter, a...
Crunch time
Mairi Mallon talked to Patrick Thiele about how the subprime crisis has inadvertantly highlighted one of the greatest strengths of the traditional reinsurance market
US terror cover - US Senate votes in favour of TRIA extension
The US Senate has voted in favour of pushing ahead with a seven-year extension of the federal govern...
Robert Sinclair joins Guy Carpenter
Robert Sinclair has been appointed senior vice president of GCFac, Guy Carpenter's facultative reins...
Long live the revolution!
Dear Friend, When I started Fac magazine almost two years ago I did so because I thought I saw a ga...
Marsh sets up forensic accounting and claims practice
Marsh has established a forensic accounting and claims services (FACS) practice for the Middle East ...
Hazardous transport liability - Are you ready for an explosion of EU liabilities?
Jeremy Golden finds much to worry liability reinsurers in the latest batch of EU directives
Fancy a mature old lady?
UK market
Florida Cat Fund Reform - RAA backs Florida Cat Fund proposal
The Reinsurance Association of America (RAA) has backed a proposal by a senior government officer in...