November 2008/2

ARC forms ICA group; R&Q wins double

Resolute Management Ltd, Berkshire Hathaway’s operation for managing its discontinued London market lines, will now be led by Steve Michael, The Insurance Insider can reveal.

The New York insurance authorities are again considering selling the insolvent Midland Insurance Company in a bid to improve the returns available to policyholders.

The “implosion” of 296 sub-prime mortgage lenders in relation to the credit crisis has led to 418 sub-prime and credit crisis-related lawsuits, including 124 securities class actions lawsuits (SCAS) filed to date...

Hannover Re is currently marketing the renewal of two sidecars, raising the question whether the quota share vehicle will regain popularity with (re)insurers if catastrophe rates continue to harden into 2009.

Amid feverish speculation at the beginning of October that Swiss Re was set to unveil drastic measures to ease liquidity pressures, the giant reinsurer did little more than post a relatively modest third quarter loss.

As the financial world waits for President-elect Obama’s key appointments in the US Treasury, the attention of the (re)insurance industry once again turns to the taxation debate over offshore domiciles and the future...

Expansive independent (re)insurance broker Cooper Gay & Co has hired a 10-strong aerospace team from Benfield’s London division.

Independent reinsurance broker RK Carvill concluded months of consultation with private equity firm Stone Point Capital with the separation of its underwriting and broking businesses in a corporate restructure...

A number of Lloyd's stocks have seen significant uplift in recent weeks as investors gamble on a 2009 ratings uplift fuelled by the AIG crisis.

Until recently, one would be forgiven for thinking the inmates had taken over the M&A asylum. While specialist Lloyd’s and Bermudian (re)insurers were (and indeed are) routinely trading at heavy discounts to their asset value – despite, in many cases, bei

It took Aon only four days to agree takeover terms with Benfield Group, but it has taken more than two months to finalise the delicate restructuring of senior London positions for the soon-to-be giant reinsurance broking combine Aon Benfield.