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Golub Capital Re pulled in challenging market conditions
Proposed Bermudian start-up reinsurer Golub Capital Re has been put on hold indefinitely because of rapidly deteriorating conditions in the reinsurance market and a more challenging investment environment in the credit space.
26 August 2014
Enstar in $218mn buy-to-kill Companion deal
Diversifying legacy group Enstar has agreed to acquire South Carolina-headquartered Companion Property & Casualty Insurance Group in a $218mn cash deal.
26 August 2014
Price Forbes hires financial products quartet from Gallagher
Independent London-based broker Price Forbes has announced the launch of a new financial products division with the appointment of a specialist team of four senior staff from rival AJ Gallagher
26 August 2014
R&Q posts H1 loss but positive on outlook
Legacy-to-live insurance group Randall & Quilter (R&Q) posted a worse-than-expected loss for the first six months of the year but said it was making progress in its core businesses
26 August 2014
Napa quake to cost (re)insurers up to $1bn: Eqecat
Catastrophe modelling firm Eqecat has estimated that the Californian earthquake that struck near the iconic Napa Valley wine-producing region on 24 August may cost (re)insurers between $500mn and $1bn.
26 August 2014
Tower’s book value turns negative in Q2
Ailing US insurer Tower Group has fallen to an equity deficit after the company was forced to once again strengthen its reserves in Q2.
22 August 2014
S&P predicts insurance headache for independent Scotland
Ahead of the 18 September Scottish independence referendum, rating agency Standard & Poor's (S&P) has warned of the regulatory problems Scotland-based insurers could face if there is a "yes" vote
22 August 2014
RSA shares flat on news of HK and Singapore disposal
RSA shareholders showed little reaction to the overnight news that Allied World had agreed to buy RSA's Hong Kong and Singapore operations, with shares trading almost flat at 436p as of 09:40 BST
22 August 2014
Allied World to take RSA Hong Kong and Singapore in $215mn deal
International (re)insurer Allied World has announced that it has reached definitive agreements to acquire the Hong Kong and Singapore operations of UK-headquartered insurance group RSA for approximately $215mn.
22 August 2014
Any turn in soft energy market ‘wishful thinking’: Willis
Energy underwriters hoping for market softening to come to an end in the near future are indulging in "wishful thinking", according to Willis.
21 August 2014
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