June 2007/4
-
Giant Bermuda-based investment hedge fund DE Shaw Group agreed a $575mn deal for US property/casualty insurer James River Group last week.
-
Broker Gallagher Re has announced the appointment of Mark Flower as chief actuary for its UK operations.
-
UK regulator, the Financial Services Authority (FSA), has said that the biggest threats posed by the current boom in private equity are market abuse and conflicts of interest.
-
Expanding Australian sports underwriter Sportscover has announced the extension of its network into Ireland after teaming up with broker and sports specialist O’Driscoll O’Neil.
-
Private equity giant The Carlyle Group has formed a financial services division to concentrate on the insurance and banking sectors, again highlighting investors’ appetite for the industry.
-
Giant US insurer American International Group (AIG) filed a $1bn lawsuit against its former CEO Maurice “Hank” Greenberg and ex-CFO Howard Smith last week.
-
The US Congress is due to discuss an extension to the federal Terrorism Risk Insurance Act (TRIA) that is scheduled to expire at the end of the year.
-
UK run-off management company Tawa announced a round of redundancies within its 90 staff in London last week, fuelling sentiment that the discontinued business sector is heading towards greater consolidation and streamlining of its resources.
-
Swiss reinsurer Glacier Re joined the list of carriers accessing the capital markets with a $75mn offering under a shelf programme providing it with retrocession cover from windstorm and earthquakes.
-
“Class of 2005” insurer Lancashire Holdings Ltd is likely to be the first of a number of insurers structuring contingent capital deals after it co-operated with investment bank JP Morgan to launch a financing deal last week that would allow it to tap the
-
Aspen Re, a subsidiary of UK (re)insurer Aspen Insurance Holdings Ltd, has announced plans to open a major office in Zurich, to act as the hub for Aspen’s European reinsurance activity.
-
US insurer State Farm is set to place a giant $4bn cat programme, consisting of both bonds and loans, to provide retrocessional protection for one of its subsidiaries. The company has formed a special purpose vehicle, called Merna Re, which will provide
Most Recent
-
Volante exits TL market in US and Asia Pacific
13 June 2025 -
Volante appoints Montanaro as non-executive director
13 June 2025 -
Daily Digest: Top news from 13 June
13 June 2025 -
CFC appoints Markel’s Line as CUO
13 June 2025 -
IQUW promotes Furlong and McDonach
13 June 2025