• X
  • LinkedIn
  • Email
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
  • Email
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

August 2010/4

  • Run-off acquisition firm and service provider Tawa has bought Island Capital, the run-off Bermudian trade credit and political risk insurer, for up to $15mn.
  • Charles Taylor Consulting (CTC) is to pursue seller RJD Partners for outstanding liabilities relating to its purchase last year of struggling run-off specialist Axiom Consulting.
  • Shares in London-based insurance services provider Charles Taylor Consulting (CTC) fell almost 30 percent last week after a profits warning.
  • Randall and Quilter (R&Q) trumped analysts' expectations as its first-half gross profit went up to £5.8mn from £1.2mn a year earlier on solid investment returns and diversification into new business lines.
  • Bermudian run-off acquisition firm Enstar Group saw net earnings for the first six months of the year climb to $28mn, compared to $20mn in H1 2009.
  • Fitch Ratings has found that all the European insurers it rates could withstand the shock of Greece defaulting on government debt after it carried out a major "stress-test" exercise.
  • London market directors' and officers' D&O insurers for Stanford Financial Group (SFG) have so far paid out $15mn in criminal and civil litigation defence costs, court documents reveal.
  • A US appeal judge has re-opened antitrust and racketeering complaints against a number of insurers and brokers allegedly involved in bid-rigging conspiracies.
  • Secondary trading spreads for US wind catastrophe bonds have risen to levels near the peaks last seen in 2009, according to Swiss Re.
  • Aon Benfield Securities has launched a set of indices to track the performance of catastrophe bonds, which it says will boost transparency on returns from the insurance-linked securities (ILS) sector.
  • Broker Willis cleared a US wind futures trade on the IFEX platform at the Chicago Climate Futures Exchange (CCFE) for the first time last week, in a $1mn block transaction.
  • Brit Insurance Holdings has continued to bolster its senior management while takeover talks progress with US buy-out firm Apollo.