December 2006/3

David Foreman, the former underwriting chief at Lloyd’s insurer Wellington Underwriting, has teamed up with a duo of defectors from Aspen Insurance Holdings Ltd in a bid to launch a new London market (re)insurer, according to sources.

The burgeoning Asia Pacific market has attracted a $565mn capitalised Singapore-based reinsurance start-up, Asia Capital Re.

Deutsche Bank's repackaging of Aspen's recoverables becomes the latest capital markets transaction with the reinsurance industry

Managing Agency Partners Ltd (MAP), the Lloyd’s insurer headed by David Shipley, is raising funds to launch a new sidecar syndicate, The Insurance Insider can reveal.

Guy Hengesbaugh, who quit as COO of beleaguered Bermudian PXRE in April, is close to making an early return to the market with a US property cat focussed start-up on the island, The Insurance Insider can reveal.