July 2006/2

Insurance service provider Whittington surprised the market last month by agreeing the sale of its newly established Lloyd's managing agency and specialist Asian syndicate, Alba, to Insurance Australia Group (IAG).

Creechurch Underwriting Ltd - the Lloyd's insurer which parted company with its chief executive last month - has been put up for sale, The Insurance Insider can reveal.

Two years after the New York attorney general Eliot Spitzer was alerted to the existence of so-called Placement Service Agreements (PSAs) between brokers and insurers, the European Commission has turned its attention to...

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.

The protracted fallout caused by Maurice "Hank" Greenberg's March 2005 departure from giant US insurer American International Group (AIG) continues both in and out of the US courts.

Bavarian-based (re)insurance giant Munich Re moved a step closer to restoring its once cherished double A rating on 27 June, with the news that Standard & Poor's (S&P) had revised its outlook on the company's A+ rating from stable to positive.

French (re)insurer SCOR has agreed to buy German life reinsurer Revios in a $775mn transaction.

Rating agency Standard & Poor's (S&P) confirmed last month that Swiss Re's acquisition of GE Insurance Solutions (GEIS) has cost the reinsurer its AA rating, which has been downgraded a notch to AA-.

But mixed views on rationale behind takeover... Analysts have given a mixed welcome to the move by Italian insurer Assicurazioni Generali to take over compatriot Toro Assicurazioni in a deal worth EUR3.85bn.

Lloyd's insurer looks to raise up to £100mn to back further expansion plans The independent Lloyd's (re)insurer Cathedral Capital plc is looking to raise up to £100mn in a fund raising that will provide a platform for further expansion by...

In a landmark sale Randall & Quilter has acquired some $900mn of ACE's asbestos reinsurance book It was brutal, and at times bloody, but 18 months after applying to sell part of its Brandywine legacy exposures to...

White Mountains raises storms bill by $200mn; Imagine heads for court date with former CEO; River Re licensed in Barbados; Glacier Re mounts defence of under review rating; NAIC vote moves to end US collateral requirements; et al.