November 2005/4

If its proposed acquisition of GE Insurance Solutions concludes without a hitch next summer, Swiss Re will be able to proclaim itself as the biggest reinsurer on the planet, leapfrogging its rival, Munich Re. Based on 2005 estimates, the combined...

Omni Whittington is set to demerge its insurance and debt divisions enabling its insurance operations to grow internationally. A holding company, Whittington Group Pte, has been set up in Singapore with net assets of $80mn. The majority of the new...

Loss-adjusting form Crawford & Company is to expand its Chinese business with a 25 percent stake in Tino Insurance Surveyors & Adjusters. And the company plans to take full managerial control of the firm subject to Chinese regulatory approval.

Defunct insurer GoshawK Insurance Holdings plc has parachuted in a new management team and floated the possibility of a $15-20mn fund raising as it plans an orderly run-off. Michael Dawson – the former chief executive of Cox Insurance – has become...

Montpelier Re – the Bermudian catastrophe specialist devastated by losses from the trio of US storms – said at the end of last week that it has entered into a 364-day $1bn letter of credit agreement with Bank of America.

Bermudian start-up Flagstone Re will be headed up by former Centre Re CEO David Brown, who will be chief executive of the new operation. According to reports, the company – launched by Bermuda-based hedge fund manager West End Capital Management...