October 2008/1

Flagstone Reinsurance Holdings Ltd is set to become the latest Bermudian to establish a Lime Street presence with the acquisition of a Lloyd’s platform, The Insurance Insider can reveal.

American International Group’s (AIG) enforced metamorphosis from a global financial services firm to what its new chairman and CEO Edward Liddy hopes will be a “smaller but more nimble company that is solidly profitable and has attractive long-term growth

Buffy and his correspondent join us from the Digest of Lloyd’s News, Oliver Carruthers’ splendid journal on Lloyd’s affairs...

Despite initial estimates of $8.1bn, (re)insurers and investors are continuing to bet that the final loss for Hurricane Ike will eventually climb to over $10bn.

The annual migration of the US legacy business to the fringes of New York occurs this month with the melt-down in the financial markets and the implications for (re)insurers the inevitable main topics of conversation.

Last month The Insurance Insider predicted PwC partner Dan Schwarzmann’s time was likely to become more scarce following his elevation to head the firm’s Business Recovery Service Practice, just as the Western economies teeter...

The 6 October saw Randall & Quilter (R&Q) affiliate Cavell USA launch its UK offensive against private equity owned Seaton Insurance Co and Stonewall Insurance Co in the English Commercial Court for alleged breach of...

Engineering specialist TSM Agencies Ltd is approaching potential investors to launch a Lloyd’s syndicate, The Insurance Insider understands.

Aon Benfield Re’s investment banking arm – an amalgamation of Benfield Advisory and Aon Capital markets – will be led by Rob Bredahl, The Insurance Insider can reveal.

Swiss Re and Catlin are facing the possibility of a $73.4mn and $73.2mn loss each arising out of last October’s California wildfires, The Insurance Insider understands.

The soon-to-be broking leviathan Aon Benfield Re has continued to flesh out its senior management structure as the two firms look to complete their union by the end of the year.

Newline Syndicate 1218 active underwriter, Stephen Gordon, has left the Lloyd’s insurer to join expansive US-based property casualty insurer AMTrust, according to sources.