All material subject to strictly enforced copyright laws. © 2021 Insurance Insider is part of Euromoney Institutional Investor PLC.
Accessibility | Terms & Conditions | Privacy Policy | Modern Slavery Act | Cookies

April 2006/1

  • Bermudian giant XL Capital is to float its financial guaranty business in an initial public offering (IPO) on the New York Stock Exchange, the (re)insurer revealed in a statement today (7 April). Funds raised will be used to boost capital and to...
  • Stone Point Capital, the former private equity arm of MMC, has agreed terms to acquire the business of AXA Re and form a new reinsurer, Paris Re. AXA Re’s parent AXA SA will take a stake of between 5 and 10 percent in Paris Re Holdings Ltd...
  • UK-listed broker Jardine Lloyd Thompson Group plc (JLT) has today (5 April) revealed that Dominic Collins, executive chairman of its JLT Risk Solutions division, has resigned after more than 20 years with the company. The move follows plans for...
  • Aviation underwriting agency Augsburg Re is set to become a fully-fledged reinsurer if it completes a planned fundraising, The Insurance Insider can exclusively reveal. The company, which is headed by the experienced aviation underwriter...
  • Ratings agency Standard & Poor’s (S&P) today (5 April) announced that it has revised its outlook on the reinsurance sector from negative to stable.
  • The G6 group of Lloyd's insurers has today (5 April) announced that it has agreed new electronic processes with four major brokers using the internationally recognised ACORD data standards.
  • Shares in run-off (re)insurance group Alea Group Holdings rose this morning after the company announced better than expected full-year results.
  • Lloyd's has given distressed insurer Quanta Capital Holdings a deadline to inject new capital into its Syndicate 4000 or face the business being closed by year-end. The Bermudian headquartered insurance group revealed in a Securities & Exchange...
  • Keith Rutter has returned to frontline duties in the London market this week by joining Oxygen Insurance Brokers. Rutter, the former head of Independent Insurance’s London market operations, together with his ex-colleague at NCG Professional Risks...
  • Lloyd's insurer SVB Holdings plc confirmed last week a scheme of arrangement to ring-fence past liabilities, with the creation of a new holding company Novae Group plc, and formation of an FSA-regulated insurer capitalised by proceeds from a £110mn...
  • Bermudian reinsurance start-up Ariel Re has recruited the head of ACE Energy, Chris Fisher, to lead its energy underwriting division. Fisher was chosen by ACE last year to head its new retail energy unit, ACE Energy, which offers property and...
  • Energy mutual OIL has responded to last year's hurricane losses and spiralling premium costs by cutting coverage in half to a $500mn aggregation limit for multiple claims from a single occurrence. The company has also suggested it may look to...
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree