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Tamesis Dual AIG deal pushes capacity to c.£55mn for 2014
American International Group (AIG) has agreed to provide backing for specialty excess of loss (XoL) reinsurance MGA Tamesis Dual in a deal that will add £15mn-£20mn to the vehicle's 2014 capacity, The Insurance Insider understands.
25 November 2013
Tower’s book value halves on monster $507mn second quarter loss
Three-and-a-half months after the scheduled release date, Tower Group finally reported its second quarter results after markets closed on 22 November, revealing a $507mn net loss and the virtual halving of NTAV
25 November 2013
Wilken takes Argo Re helm from Carrier
Argo Group is continuing to reshuffle its senior management, with Matthew Wilken taking over from Andrew Carrier as president of its Bermuda-based property cat reinsurance operations, The Insurance Insider revealed last week.
25 November 2013
Christian to join Lloyd’s Council as candidates elected unopposed
Dominic Christian, executive chairman of Aon Benfield International and CEO of Aon UK, has been elected unopposed to the Lloyd's Council for a three-year term beginning in February 2014.
25 November 2013
Enstar and Stone Point bring in senior staff at Torus
Enstar and Stone Point Capital have asserted their authority as the new owners of specialty P&C insurer Torus by appointing a trio of senior executives before the deal's planned Q4 closure
25 November 2013
JLT construction defections continue
AJ Gallagher has continued to lure executives from JLT's highly prized construction team, with the number of defections thought to have now reached near double figures, The Insurance Insider understands
25 November 2013
Enstar completes Atrium purchase
Enstar Group has completed the $158mn takeover of Lloyd's managing agent Atrium Underwriting five months after it agreed the deal.
25 November 2013
Maude: London must be a place of intense innovation
The UK Minister for the Cabinet Office and Paymaster General has told the London insurance market that it must remain a place of intense innovation and creativity.
25 November 2013
Allianz pays 20% rise on layer wiped out by flood
Major cedant Allianz has put firm order terms into the market for its EUR1.3bn ($1.8bn) "SuperCat" treaty that will see reinsurers receive 20 percent more premium for the bottom layer exhausted by the European floods
25 November 2013
Digest
Allied World confirms; Gulf Re promotes; Sidecar hire; Torus in; Kick off; Italy debt; R&Q contract; ProSight lands; Scor upgrade?; Hyperion marine; Universal shares; Motor woe; Federated National offering; Reinsurers affirmed; Swiss Re buys; Allianz GCS converts; Charles Taylor satisfied
25 November 2013
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