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February 2007/3

  • Besso Holdings Ltd has become the latest London market broker to consider entertaining takeover offers, The Insurance Insider can reveal.
  • UK insurer prepared to retain minority stake
  • The recent launch explosion involving an SES New Skies Boeing-built satellite on a Sea Launch platform is likely to cost space insurers $256mn, with potential for further claims in the marine market.
  • David Foreman, the former underwriting chief at Wellington Underwriting, is close to confirming the launch of a new Lloyd’s based (re)insurer supported by private equity finance, The Insurance Insider understands.
  • Legendary investor George Soros is behind a new reinsurer which aims to acquire Lloyd's "open-years" liabilities in a move which indicates the capital markets are taking a closer look at the non-life industry's run-off exposures.
  • Florida might seem an unusual place to embrace socialism, but the state's effective nationalisation of its hurricane cat programme last month has continued to reverberate...
  • Two former Endurance Specialty executives are looking to launch a Bermuda-based casualty insurer with up to $1bn in capital, The Insurance Insider can reveal.