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.

Thomas Tizzio has retired from American International Group (AIG) after 38 years with the company. Tizzio was most recently senior vice chairman of General Insurance and has also held the positions of senior vice president, Reinsurance, president of...

Heath Lambert has appointed two new staff members to its Aberdeen office as part of its Scottish expansion plans. Mark Webster has joined Heath Lambert as client service director and is responsible for delivering on the group's Service Excellence...

Shareholders of the Arab Insurance Group (ARIG) have approved the resumption of dividend payments at the company's AGM. Profits were up nearly $22mn last year at ARIG, representing a 19.5 percent return on average shareholders'...

Russian insurer Ingosstrakh is considering an initial public offering (IPO) on the London Stock Exchange, according to reports last Friday (31 March). The move would see Russia's second largest insurer become the country's first publicly traded...

Scheme creditors of collapsed Australian insurer HIH Group approved a scheme of arrangement at a vote in Sydney on 29 March, it was announced by liquidators KPMG. HIH group was the second largest general insurance group in Australia and became the...