June 2007/2

Ironshore builds US presence; Paris Re confirms IPO plans; RIMS calls for mandatory disclosure; Swiss Re to sell UK life operation; Greenlight raises $258mn in IPO; QBE states intent with $2bn US deals...

Our monthly column keeping check on US and EU legal and regulatory developments, in association with Sidley Austin LLP

Towergate has very effectively managed its tight-knit relationship with a small panel of insurers, including Royal & Sun Alliance, AXA and Norwich Union, and its control over a vast amount of SME business...

In what is developing into another defining year for the insurance linked securities (ILS) market, a number of significant transactions were concluded in recent weeks highlighting the broadening scope of alternative capital markets...

RK Carvill's acrimonious "commissions" dispute with XL Capital has been settled after a US court ruled that the Bermudian insurer should pay $5mn in damages to the reinsurance broker.

RenaissanceRe confirmed the launch of its second Florida-dedicated sidecar in another sign that the impact of the state's hurricane catastrophe fund expansion earlier this year may be less severe than first feared.

Expansion questioned as leading figures propose higher entry fees and capacity caps

Restraining order issued against Arch and its new fac team

Despite a recognition that Florida’s impact will be far less brutal than first feared for reinsurance brokers’ 2007 earnings, analysts Keefe Bruyette & Woods Ltd (KBW) retain a bearish stance...

Converium Holdings CEO Inga Beale will receive a lump sum payment of SFr4.2mn when she leaves the company on completion of the takeover by SCOR.

Increased capacity and low losses are combining to soften the energy market, according to a report published by Willis Group Holdings.

Munich Re led the innovative $110mn reinsurance programme for the World Bank-sponsored Caribbean Catastrophe Risk Insurance Facility (CCRIF), which went on risk for 16 countries in the region on 1 June.