June 2003/1

Hannover Re, the world's fifth largest reinsurer, responded to concerns over its geared capital base by raising EUR500mn in two equity offers earlier this month. The reinsurer issued 10 percent of its share capital to institutional investors on 12 June

Shares in Benfield Group began conditional trading on the London Stock Exchange on Friday 13 June as the company announced the pricing of its IPO at 250p per share. The debut was towards the upper end of the 200p to 260p indicative price range, and val

Total payouts fall, but shrinking surplus and deteriorating solvency margin as balance sheet weakens Equitas unveiled financial results for the year ended 31 March 2003, announcing a £399mn increase in gross discounted asbestos reserves. The world's

Arch Capital Group has recruited the former Chubb D&O specialist Ralph E. Jones III to lead its challenge into the US professional indemnity sector. Jones will join on the 1 July as the president and chief executive officer of Arch's US Insurance arm,

Aspen Re, the London market reinsurer spun-out of the Lloyd's insurer Wellington Underwriting last year, is planning to reward its private equity backers by floating in the US later this year. Although less than a year old, Aspen plans to follow in the

The pricing of professional indemnity risks continues to be an art form as underwriters work against a backdrop of litigation trends and unpredictable Government intervention. But delegates attending Aon's 2 June liability seminar “The Global Landscape

Munich Re - the world's largest reinsurer by premium - released first quarter results showing an improvement on the final quarter of last year, but massive deterioration on the comparable first three months of 2002. The German group conceded earlier t

ACE Ltd’s chief executive Brian Duperreault has sent a strong signal over his preferred successor with the appointment of Hank Greenberg’s son Evan to the post of ACE’s president and chief operating officer.