December 2008/4

Last week's acquisition by Torus Insurance Holdings (Bermuda) Ltd of rights to renew "substantially all" New Castle Re contracts will also see the start-up take over the Citadel-backed Class of 2005 reinsurer’s office with the eventual transfer of...

Jamaica-headquartered insurer Sagicor Group's Lloyd's arm intends to re-start writing life business next year through Syndicate 44, The Insurance Insider can reveal.

Swiss Re has entered into a $1.5bn long-term letter of credit (LOC) facility with JP Morgan to support its life reinsurance business.

Lloyd's (re)insurer Chaucer Holdings is now seeking capital support in the form of a Qualifying Quota Share (QQS) reinsurance arrangement as it tries to ensure it will not be left behind in the race to take advantage of stronger underwriting conditions...

American International Group (AIG) and Munich Re have agreed a deal that will see the German reinsurer buy Hartford Steam Boiler Group (HSB) for $742mn cash in the first significant insurance deal as part of the beleaguered US insurer's asset...