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Latest News From Insider Week |
4 July 2009 |
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Key Industry News |
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Hartford sues Arch over 'raid'
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US insurer The Hartford Financial Services Group has filed a lawsuit against Bermudian Arch Insurance and three former employees, claiming Arch "conducted an unlawful corporate raid" by hiring over 60 managers, underwriters and employees from... |
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XL Insurance replaces O’Donohoe with Robertson
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XL Insurance – the London-based subsidiary of Bermudian (re)insurer XL Capital – has named Neil Robertson as replacement for the recently departed chief underwriting officer (CUO) of its global specialty business, Dermot O’Donohoe. |
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Flagstone enters fray with late swoop for IPC
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Swiss-headquartered reinsurer Flagstone Reinsurance Holdings has entered the race to buy in-play Bermudian cat specialist IPC Holdings with an offer for all outstanding shares that beats the current best offer by $4.76 a share. |
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Lloyd’s finally says goodbye to Equitas
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Equitas, the legacy albatross that has hung around the neck of Lloyd’s Names ever since its creation in 1996, can now be formally detached after the UK High Court approved the transfer to a new company, Equitas Insurance Ltd, yesterday.
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