Reinsurance
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.
Ren Re announces formation of Starbound II
RenaissanceRe has announced the formation and funding of Starbound II, a new Bermuda reinsurance company, creating approximately $375m in new reinsurance capacity for the Florida homeowners market.
Zurich UK manager given new European role
Zurich has announced the appointment of Richard Elliott as head of its newly created European property investors business.
Munich Re leads Caribbean cat fund
The first cross-national catastrophe fund has been launched today, offering insurance cover to 16 Caribbean countries ahead of this year’s hurricane season.
Recruitment moves
Re-sume
AIR adds Carvill US wind index to models
Reinsurance intermediary Carvill has announced an agreement with modelling firm AIR Worldwide Corpor...
Equal opportunities?
Women in reinsurance
The $64bn question
Editorial
Breach of contract lawsuit
Guy Carpenter sues three London Integro defectors
Scissors, paper, stone
BLOG-RE.COMT
Right-size me!
Mark Geoghegan went head to head with Chris O'Kane, chief executive (CEO) of Aspen, and found a man who is much happier with organic growth and prudent capital management than mergers and acquisitions (M&A)
A changing game
Re-sume
Pandemics: worse than terror?
Inside view
Gangs of Bermuda
Bermuda
Flagstone Re first to graduate with second rating
Class of 2005 Bermudian reinsurance start-up Flagstone Re has been awarded an 'A-' rating from ratin...