ILS

Shareholders of Chaucer Holdings plc - the Lloyd's insurer that is exciting M&A interest - approved the £75mn equity net fundraising designed to plug a hole in its 2009 capital requirements.

It was a busy week for fundraising on Lime Street as M&A target Chaucer Holdings saw its proposed £75mn net equity placing approved by shareholders (see article 16), while larger rivals Beazley...

Catlin Group has become the latest Lloyd’s (re)insurer to unveil capital raising plans with a heavily discounted £200mn JPMorgan underwritten rights issue – as predicted in the February issue of The Insurance Insider.

Chaucer Holdings plc - the Lloyd's insurer that is exciting M&A interest - has confirmed plans to proceed with its £75mn equity fundraising designed to plug a hole in its 2009 capital requirements.

Citadel's CIG Re and New Castle Re's 2007 $500mn all-debt sidecar vehicle, Emerson Re, has been terminated as the hedge fund significantly scaled back its presence in the (re)insurance market.

Beazley Group became the latest Lloyd’s insurer to confirm it is considering a capital raise.

Beazley Group has become the latest Lloyd’s insurer to confirm it is considering a capital raise.

Speculation over the destination of RK Carvill's senior management and core casualty reinsurance broking team was ended after Willis Re outbid rival JLT Re to secure their services.

Bermudian (re)insurer Ironshore is rarely out of the headlines these days. In particular, the Cayman Islands-domiciled company, founded by industry patriarch Bob Clements and his son John Clements...

Generally speaking, raising money from shareholders is about as popular right now as a cup of Darjeeling in Starbucks, so it's a good thing that investors are still willing to look at the insurance sector.

General Atlantic Partners, Investcorp, Hellman & Friedman and CVC-US are among the score of blue-chip private equity firms which have put their support behind Sharebridge Holdings, the new US intermediary...

The winds of change could at last be blowing through Florida in favour of the private reinsurance market, as the size of the hole in the state catastrophe fund finances continues to grow.