December 2006/4

Equitas' senior executives will share a bonus pool of £10.4mn once the landmark agreement with Berkshire Hathaway is finalised.

Analysts have welcomed Hannover Re’s sale of its US subsidiary Praetorian Financial Group, describing it as a “good deal” that frees up capital to allow the reinsurer to lower its retro spend, underwrite more US catastrophe business and expand into new ma

In a year characterised by the growing interaction between the capital markets and the reinsurance industry comes the launch of a new index to trade US hurricane risks as a derivatives contract.

Norton is a once great British Motorcycle manufacturer now attempting a comeback, so it is unclear exactly what message Brit Insurance is trying to send out with the name of its sidecar-style vehicle, Norton Re.

The DE Shaw group is set to become the latest hedge fund to form a dedicated reinsurance unit.

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, our sister title The Insurance Insider revealed last week.

Access Reinsurance Inc, the Industry Loss Warranty (ILW) specialist broker headed by Enda McDonnell, is setting up on Bermuda in a further demonstration of the island’s pre-eminence for US catastrophe capacity.