March 2007/3
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Benfield Group said Florida's decision to near double its hurricane catastrophe bond will cost the group an estimated £10mn in trading profits this year.
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Benfield Group will treat the £9.525mn which Aon Re has agreed to pay to settle the litigation springing from the defection of a key producing team as an exceptional item this year.
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Markets responded in mixed fashion to the UK-listed insurers last week as consensus-beating figures didn't always translate to corresponding share performance.
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Aquiline Capital Partners LLC, the private equity firm headed by the former MMC chief executive Jeffrey Greenberg, has raised $1.1bn in capital for its initial fund, the Aquiline Financial Services Fund LP.