Reinsurance
Bermudians still looking to London
Bermudian (re)insurers are still looking to the London market for platforms, Reinsurance has discove...
Florida Gov. Crist signs bill to freeze Citizens' rates through 2009
Florida Gov. Charlie Crist has signed a comprehensive insurance reform bill that will freeze rates for Citizens Property Insurance Corp. through 2009 but a plan to use $250 million of the state-run insurers' surplus to fund a capital incentive program…
Hannover in highly leveraged Florida Cat sidecar deal
Hannover Re has sponsored Globe Re, a 1-year sidecar to write a portfolio of US property Cat retrocession. Globe Re will be highly leveraged, capitalised with only $33m of equity and $100m of debt securities.
Another company pulls out of RBSI bidding
Chinese insurance company Ping An has become the latest name to withdraw itself from the bidding for Royal Bank of Scotland Insurance, according to reports.
IPCRe interested in Lloyd’s platform – CEO
IPCRe, the Bermudian reinsurer, has said that it is interested in buying or setting up a Lloyd’s platform, Reinsurance can reveal.
Guy Carpenter Fac hires Morement to be Asia Pacific leader
Guy Carpenter, the reinsurance broking arm of Marsh and McLennan, has appointed Luc Morement as leader of GC Fac Asia Pacific, supported by Marcus Davies as deputy leader.
Florida P&C pricing expected to be down 15% - Guy Carpenter
Florida property catastrophe pricing is expected to decline by about 15% at the June 1 renewals, according to a report by Guy Carpenter, the reinsurance broking arm of Marsh & McLennan.
Benfield invests $50m
Benfield Group has made a cash investment of $50m (£25.3m) into Juniperus Insurance Opportunity Fund...
Appointment at Integro
Integro has hired two brokers to its casualty practice in London. Andrew Park has 25 years broking e...
Omega: trading is strong
Lloyd's insurer Omega claims trading in 2008 is strong and in line with directors' expectations. Cha...
What the papers said this week
Eastern Daily Press Around 400 staff at Norwich Union could be affected by plans to outsource p...
Guy Carpenter appoints new Americas CEO
Guy Carpenter, the reinsurance broking arm of Marsh and McLennan, has appointed Andrew Marcell to lead its Americas broking operations.
Citizens $440m cover attracts big hedge fund support
Citizens, the Florida state-owned insurer of last resort, is close to seeing a 1st June $440m reinsurance placement completed by reinsurance brokers Benfield, Reinsurance understands.
Benfield invests $50m in captial markets vehicle
Benfield Group has made a cash investment of $50m into Juniperus Insurance Opportunity Fund which will be managed by Juniperus Capital.
Omega reports trading success
Lloyd’s (re)insurer Omega says trading in 2008 is strong and in line with directors’ expectations.
Ironshore still wants to buy into Lloyd's
Even after losing out on Heritage to Bermudian competitor Argo, Ironshore is still on the look out to buy a Lloyd’s operation, Reinsurance understands.
Adjuster giant merger latest crunch victim
A prospective merger of loss adjusting groups McLarens Young International and York Insurance Servic...
Appointment at Novae
Novae syndicate 2007 has appointed Keith Nichols to head up its specie and cargo units. Mr Nichols h...
Brit claims London market trading 'first'
Brit Insurance Holdings has commenced trading in insurance-linked derivatives on the Insurance Futures Exchange Services platform.
Brit to trade on IFEX
Brit Insurance, the UK-based international general insurance and reinsurance group, today announces that it has commenced trading in insurance-linked derivatives on the Insurance Futures Exchange Services platform (IFEX). Brit Insurance is the first…
Deacon and Arag launch new legal expenses cover
Blocks of flats insurance specialist Deacon has launched a new legal expenses policy in conjunction with niche legal insurance provider Arag.
Flagstone Re to issue $120m Valais Cat bond – sources
Bermudian-headquartered reinsurer Flagstone Re is to place a $120m worldwide retro Cat bond protection through a special purpose vehicle to be known as Valais Re, sources have told Reinsurance .
Randall & Quilter wins major US court case on Cavell run-off
A New York Federal court has dismissed outright claims by two US insurers in run-off, Seaton Insurance Company and Stonewall Insurance Company, against Cavell USA (a subsidiary of Randall & Quilter), and its chairman, Ken Randall.