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  • Chaucer Singapore leads on $3bn Prelude cover
    Chaucer Singapore and Watkins have taken leading lines on the construction cover for Prelude, the largest-ever FLNG facility, sister publication Inside FAC reveals
    10 February 2014
  • National Interstate shares surge on AFG buyout offer
    NI's share price rocketed last week amid frenzied activity from securities class action lawyers, after Great American launched a tender offer to buy up the rest of the company for $267mn in cash
    10 February 2014
  • ICAT further builds per risk capacity with Ariel deal
    ICAT's recently announced binding authority arrangement with Ariel Syndicate 1910 will further enhance the US property cat specialist's ability to grow its underwriting portfolio by increasing the per risk line size it can put out in the market.
    10 February 2014
  • Burns & Wilcox adds Gross from CRC
    Expansive US firm Burns & Wilcox Brokerage has added further to its ranks with the hiring of David Gross from CRC to head up a new office in North Dallas.
    10 February 2014
  • XL Group takes higher than expected Q4 Spanish surety loss
    Investors are likely to scrutinise the 2013 results from US carrier HCC and reinsurer Scor later this month for signs of widening losses related to Spanish construction surety bonds, after rival XL was forced last week to set aside a bigger-than-expected sum against such claims.
    10 February 2014
  • Tower founder Lee quits with ACP Re deal in balance
    Tower Group's founding chairman and CEO Michael Lee has resigned with some doubt still surrounding the company's $172mn sale to Michael Karfunkel's takeover vehicle ACP Re.
    10 February 2014
  • Catlin shares climb as it beats analysts’ consensus
    Catlin Group's shares closed up 3.7 percent on 10 February as investors responded warmly to its full-year 2013 results, which included a 27 percent increase in pre-tax profits to $432mn and a lowly 85.6 percent combined ratio.
    10 February 2014
  • Bids in as Antares sale draws to its close
    Final-round bids for Lightyear Capital-backed Lloyd's carrier Antares were due in last week and up to four parties are believed to have submitted formal offers, The Insurance Insider can reveal. The favourite to succeed in the auction is...
    10 February 2014
  • Torus looks to rebuild in US with workers’ comp play
    Specialty insurer Torus will begin writing workers' compensation business in the US after its $692mn sale to Enstar closes, as it looks to rebuild its platform following redundancies and defections
    10 February 2014
  • ILS powerhouse Nephila hits $10bn landmark
    The news that Nephila Capital has reached $10bn in assets under management highlights the extent to which independent fund managers have become entrenched in the reinsurance market
    10 February 2014
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