Reinsurance
Aspen launches alternative to credit default swap
Aspen Insurance today announced the completion of an insurance policy which has characteristics similar to a credit derivative. The policy is for up to $420 million of reinsurance receivables, in a transaction with Deutsche Bank, an AA rated investment…
Bermuda platform Syncro behind ICAT-Chaucer deal
It has emerged that Syncro, a Bermuda-domiciled financial platform which was established earlier this year {link}, was used for the recent transaction which saw ICAT Holdings set up a Lloyd’s syndicate for 2007 .
Benfield in bumper $19.5m Lancashire pay-day
Reinsurance broker Benfield has pocketed $19.5m from the sale of warrants in class of 2005 Bermudian start-up (re)insurer
Aspen in $156m share buyback, as founders lighten holdings
Bermudian (re)insurer Aspen has announced it will by back $156m-worth of its ordinary shares from two of its founding shareholders, the Blackstone Group and CSFB Private Equity.
Guy Carpenter and Amlin stake bid for first London paper-less claim
Reinsurance broker Guy Carpenter and Lloyd's (re)insurer Amlin say they have completed the London Ma...
Don't diversify just for the sake of it!
Mark Geoghegan is inspired by one rating agency's proactive approach to the thorny issue of diversification credits for (re)insurers
PXRE expense ratio tops 200%
Troubled Bermudian reinsurer PXRE has announced results for the third quarter showing net income of ...
Flagstone in $175m New York IPO, Europe expansion
Class of 2005 Bermudian reinsurer Flagstone Re has filed with the Securities and Exchange Commission...
A fond farewell to a fine year
With a surprisingly calm, catastrophe-free year nearly behind us and an abundance of fresh capital poured into the market, David Spiller finds much to be grateful for as the year draws to a close
The calm after the storm
Baden-Baden veteran Eric Alexander encounters a meeting where everyone kept his or her powder dry until later in the year
'Lucky' Buffett posts bumper third-quarter profits
The sparse North Atlantic hurricane season has meant Berkshire Hathaway's reinsurance businesses mad...
Recruitment moves
Broker BMS has announced that Alexander Johnston will become non-executive chairman of the group on ...
[ST] Rethink - Wheeling and dealing - your thoughts.
Rethink is where you tell us what is happening in your industry - This month you give us your views on recent lloyd's deals
Hannover Re receives China licence
Hannover Re has received a licence from the China Insurance Regulatory Commission (CIRC) to transact...
Guy Carpenter claims catastrophe CDO first for Catlin
Reinsurance broker Guy Carpenter and fellow group company MMC Securities have placed a $200m collate...
A lone fanatic in the rain
Dear Friend, You may have recognised the slightly unhinged male model leering at you from the vanta...
The year the wind didn't blow
Mark Geoghegan looks back on a year of bumper profits and strong competition in all classes
Reinsurance Readers Awards 2006
Following the success of the inaugural reinsurance readers' awards in 2005, we have once again asked you who and what made the biggest impact on our industry in 2006. As usual, you gave us a few surprises! Mairi Mallon provides all the gory details
Max Re CEO quits as old finite wounds reopened
Bermudian reinsurer Max Re's founder, chief executive and chairman Bob Cooney has resigned as the co...
Appointment at W Burch and Son
W Burch and Son has appointed Hugh Reid as commercial account executive. Mr Reid has 30 years' exper...
Financial Institution rates falling says Willis
Insurance premiums for the UK’s financial institutions are continuing to fall, according to the Willis Index tracking this coverage area for the third quarter of 2006.
CII boost for local institutes
The Chartered Insurance Institute aims to increase the support provided to its local institutes, wit...
Bollington buys again
The Bollington Group has strengthened its presence in Wigan with the acquisition of broker MG Smithi...
London underwriter in float talks with brokers
Specialist property underwriting agency TSM is considering a possible flotation on the Alternative I...