June 2007/2

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...

David Spiller, the chief executive of MMC's reinsurance arm Guy Carpenter & Co, is close to relocating back to London, The Insurance Insider understands.

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.

A series of reinsurance contracts were at the heart of efforts by Independent Insurance senior management to misrepresent the company's financial health, a court has been told.

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

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...

Ken Randall, the founding head of run-off acquisition firm Randall & Quilter Investment Holdings Ltd, described 2006 as a "watershed" year after his firm’s net assets leapt from £13mn in 2005 to £50.8mn.

Gen Re's action is the latest in a series of legal scraps over fac reinsurance teams reflecting a recent increased interest in the area from brokers and underwriters looking for new growth opportunities in a softening market.

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...

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.

Bermudian (re)insurer Validus Holdings Ltd has increased the size of its pending initial public offering (IPO) to $350mn following its $382.2mn acquisition of Lloyd’s based Talbot Underwriting Holdings.