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July 2006/1
  • S&P reassesses syndicate ratings
    Two Lloyd's syndicates have suffered downgrades from agency Standard & Poor's (S&P) as it conducts its latest Lloyd's Syndicate Assessment (LSA) review.
    03 July 2006
  • AWAC files for further capital boost
    Bermudian (re)insurer Allied World Assurance Co (AWAC) is set to continue its capital building strategy after its forthcoming initial public offering (IPO) with the issue of $500mn senior notes.
    03 July 2006
  • AIG and CV Starr split marine businesses
    Giant US insurer American International Group (AIG) and CV Starr announced last week in simultaneous, but separate, statements their intention to split their marine and energy businesses in future.
    03 July 2006
  • Aon sells warranty division in $710mn deal
    Broker Aon Corp has agreed to sell its warranty arm to Canadian conglomerate Onex Corp in an estimated $710mn deal.
    03 July 2006
  • 7/7 memorial service to be held in City of London
    A memorial service for the victims of the 7/7 2005 terrorist bombings in London will be held in the City on Friday 7 July.
    03 July 2006
  • UK start-up begins trading
    Start-up UK insurer Novae Insurance Company Ltd, which is part of newly rebranded Novae Group, started trading today (3 July).
    03 July 2006
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