June 2006/3

The proposed WFUM pool scheme of arrangement, involving 16 different insurance companies, was granted leave to convene creditors' meetings by the UK High Court on 9 June.

South African broking group Alexander Forbes announced last Wednesday (7 June) that its CEO is to step down, it is in discussions with potential private equity buyers of the company, and that it is looking at options for its International Risk...

As predicted by this publication last week, Swiss Re today (12 June) announced the completion of its acquisition of GE Insurance Solutions (GEIS), creating the world's largest reinsurer.

Latest sidecar vehicle Bay Point Re - which will sit alongside Bermudian "Class of 2005" start-up Harbor Point - has received a BB debt rating for its $125mn debt facility from Standard & Poor's, along with a Baa2 debt rating from Moody's for the loan...