Reinsurance
MMC securities repositions under Guy Carp brand
Global broking and advisory group Marsh & McLennan Companies (MMC) has announced that it has changed the name of its MMC Securities investment banking subsidiary to GC Securities and has expanded its capabilities in Europe.
Hiscox cancels pioneering Panther sidecar
Lloyd's and Bermuda specialit (re)insurer Hiscox has revealed that Panther and its Lloyd's Syndicate 33 have agreed that the quota share deal between Panther Re and Syndicate 33 covering the 2007 year of account will not be renewed for 2008.
Former Lloyd's CEO takes insurer board role
Ironshore today announced that Ronald A. Sandler has been elected to its board of directors.
Aspen enters global excess casualty with Patten hire
Aspen has announced it is entering the global excess casualty insurance market and is establishing a dedicated underwriting unit based in Dublin.
RAA backs Florida Cat Fund proposal
The Reinsurance Association of America (RAA) has backed a proposal by a senior government officer in Florida it says could reduce the potential for future catastrophe fund assessments on Florida’s insurance consumers.
Benfield to buy Canadian oil and gas specialist
Benfield has announced it has entered into an agreement to buy the businesses of Beaufort International Insurance Inc. (BIII) and Beaufort Insurance Services Inc. (BISI) from Beaufort Group.
JFM targets insurers with £300m flood saving claim
A facilities management giant is targeting the commercial insurance sector with the bold claim that ...
Marsh to provide $425m London market property capacity
Property Report
Appointment at Talbot
Talbot Underwriting has announced the appointment of Michael Carpenter as chairman and Rupert Atkin ...
Flagstone wins Dubai approval
Flagstone Re has announced that it has been granted authorized status for its subsidiary, Flagstone Underwriters Middle East Limited, by the Dubai Financial Services Authority (DFSA) and will operate in the Dubai International Financial Centre (DIFC).
Flagstone teams up with South Africa’s Imperial Re
Bermudian class of 2005 start-up reinsurer Flagstone Re has announced that its have entered into a quota share and technical underwriting arrangement with Imperial Re of South Africa.
Connecticut AG alleges price fixing on Guy Carp facilities
The Connecticut Attorney General Richard Blumenthal has launched a lawsuit against Guy Carpenter alleging the fixing of reinsurance prices, shutting out of competitors and the manipulation of markets.
PRO Insurance Solutions establishes US operation
Swiss Re group's reinsurance services provider, PRO Insurance Solutions has announced the formation of a new United States affiliate, PRO Insurance Solutions, Inc. (PRO US).
Marsh assembles jumbo $425m US property facility
Marsh has unveiled a property facility that will provide up to $425m of non-catastrophe capacity in the London market for US and Canadian companies. The facility can also be adapted to provide up to $262.5m of non-critical catastrophe capacity and up to …
Guy Carpenter drops action
Reinsurance broker Guy Carpenter has confirmed that it has dropped UK litigation pending against thr...
Appointment at Tokyo Marine
Chris Killourhy has joined Tokyo Marine's finance department in the London office as actuarial manag...
Analysts quash renewed £700m Benfield bid talk
The top three brokers are unlikely to pursue reinsurance specialist Benfield after news broke that t...
Acquisitive Bollington seals broker deal
Bollington Group has made its first acquisition since Groupama acquired a 60% stake in the business ...
Guy Carp settles suit with Integro defectors
Reinsurance broker Guy Carpenter has confirmed that it has settled UK litigation pending against three former executives, Julian Samengo-Turner, Ron Whyte and Marcus Hopkins, who defected to rival broker Integro in April 2007.
Aspen in $50m accelerated share buyback
Bermudian (re)insurer Aspen ha sannounced that it has entered into an accelerated program to buy back and cancel a further $50m of its shares as part of a $300m buyback programme.
A gulf of understanding
Energy
Third Nat Cat exchange contract to launch
Insurance Futures Exchange Services Ltd (IFEX) and Deutsche Bank AG have announced the planned launc...
Recruitment moves
Re-sume
Why consensus always spells danger
Blog-re.com