May 2006/2

Besso fined by FSA over fraud employee; Amlin raises £230mn debt; R&SA boosts regulatory capital; Heritage plans PA syndicate and AIM float; Ex-Marsh VC joins Beazley; Guy Carpenter launches London Market e-claims; GoshawK shares et al...

The world’s largest reinsurer Swiss Re – the giant reinsurance firm which has made growing interaction with the capital markets a core strategy – is supporting the newly formed alternative investment management firm, Securis Investment Partners LLP...

New funds are tapping hedge funds' demand for (re)insurance linked securities A new EUR1bn fund is set to be launched later this year to tap into the burgeoning demand for (re)insurance linked securities, The Insurance Insider can reveal.

The run-off acquisitions firm LCL Acquisitions Ltd has completed its ownership of the Isle of Man insurance administration firm FIT Administration (IoM) Ltd.

Michael Wade is raising capital for a new reinsurance venture that, if successful, would see the veteran Lloyd's figure return once again to the London market. Wade is working in conjunction with UBS - the investment bank which is currently...

Bermudian reinsurer to establish 'independent presence' American International Group (AIG) is continuing to divest its interest in reinsurers it helped found, with the US giant putting its 24.2 percent stake in Bermudian IPC Re...

Global brokers continuing to toil in competitive post-Spitzer landscape MMC chief executive Michael Cherkasky pointed to the green shoots of recovery in his company’s first quarter results, but it was also apparent that the global brokers are still...

ACE settles for $80mn; Willis parts company with Marsh defector; Allianz launches US aviation operation; Insured Q1 US losses at $1.38bn; Fortress Re founder dies; Rivera joins Fox at Praetorian; Insurers in $830mn Suncor BI settlement; et al...