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Lancashire squeezes new tune from Accordion sidecar
Property catastrophe specialist (re)insurer Lancashire has renewed its flexible sidecar Accordion Re with $250mn of capacity as the retro market continues to offer attractive rates.
11 June 2012
Maiden to buy GMAC International's reinsurance business
Bermuda-based Maiden Holdings is set to buy a majority stake in the reinsurance business of UK-based automotive business of GMAC International Insurance Services, almost three years after buying its US-based sister company GMAC Re.
06 July 2010
$5bn reinsurance available to Florida cat fund
A panel of brokers has advised the Florida Hurricane Catastrophe Fund (FHCF) that there is up to $5bn of reinsurance capacity available in the private market to shore up its defences in the face of a growing funding...
10 March 2009
Guy Carp brings in market veteran to replace defecting marine MD
Reinsurance broker Guy Carpenter has hired Walsham Brothers veteran Martin Pepper to replace Jack Stephenson as head of its London-based marine and energy practice.
19 July 2010
Ace profits climb 37% amid acquisition drive
Global specialty insurer Ace booked a 37 percent year-on-year increase in third quarter net income to $675mn, amid a reduction in cat activity and investment write-downs.
28 October 2010
Willis and Aon contrast on organic growth
Broking giant Willis Group disappointed analysts after recording weak organic growth despite strong earnings in the fourth quarter.
11 February 2008
Bosse steps down at Amlin
Amlin non-executive director Christine Bosse has retired from the board of the London Stock Exchange-listed insurer
06 July 2012
Fitch upgrades RenRe to A+
Fitch has upgraded RenaissanceRe's insurer financial strength rating to A+ from A to reflect what is said was the company's strong cross-cycle underwriting profit.
21 January 2011
Lloyd’s Japan premium up 27% on narrow portfolio
The volume of Japanese premium written by Lloyd's increased by 27 percent to $680mn in the two years to the end of 2009, according to a market briefing last month.
05 January 2011
£880mn Brit Insurance buy-out to complete on 2 March
UK regulator the Financial Services Authority (FSA) and Lloyd's have formally approved the proposed Brit Insurance takeover by the private equity duo Apollo and CVC.
16 February 2011
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