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  • A"medium term" IPO for reinsurance spin-off Aspen Re has inspired London Stockbrokers Altium Capital to upgrade sister company Wellington Insurance Holdings from a hold to a buy recommendation.
  • Investors' enthusiasm for the Lloyd's sector is not unlimited, as Creechurch Group’s decision to post-pone plans to float on AIM proves. Earlier this year, the Lloyd's based insurer appointed advisors Hoare Govett to seek investors prepared to back a £
  • California’s insurance commissioner John Garamendi is set to follow NY attorney-general Eliot Spitzer by filing civil complaints this week.
  • A survey of London and Lloyd’s CEOs has revealed that the London market may not be ready for increasing regulation under the FSA, the plans for which will be announced tomorrow (24 January, 2004).
  • PXRE’s future in Lloyd’s is called into question as stiff penalties over the management of its syndicates are imposed. It was with no small trumpeting of praise and self-congratulation that Lloyd's announced the formation of the first captive underwri
  • Despite Bermuda’s established and start-up reinsurers churning out strong results, the global industry continues to be dragged down by the lacklustre performance of the big four reinsurers – Munich Re, Swiss Re, Employers Re, and General Re.
  • Lloyd's underwriter Hardy has provided details of the shareholders backing it in fending off the unwelcome attentions of fellow Lloyd's insurer Omega.
  • American International Group (AIG) announced last week that it had agreed to buy a 9.9 percent stake of Chinese insurer PICC Property & Casualty for between $200mn and $300mn.
  • Workers' Compensation carveout reinsurance, for 20 years a maverick off-shoot of one the US’s most regulated insurance classes, has at last become the focus of attention by the National Association of Insurance Commissioners (NAIC). A white paper recently
  • French reinsurer SCOR has successfully raised a total of EUR233.2mn from the issue of 149.5 million shares (after full exercise of over-allotment option), with the majority of the gross proceeds going to buy back the remaining shares of Irish subsidiary I