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Uniqa wins S&P upgrade following EUR757mn equity injection
Standard & Poor's (S&P) has upgraded its financial strength rating for Uniqa to A- from BBB+ following the Vienna-listed composite insurer's EUR757mn ($984mn) equity placing earlier this month
17 October 2013
Just Retirement unveils IPO plan
Just Retirement, the Permira-owned specialist UK life insurer, plans to raise £300mn ($480mn) through an initial public offering on the London Stock Exchange, it said today (17 October)
17 October 2013
Darag makes first Swiss and Belgian run-off acquisitions
German legacy acquisition firm Darag has bought Swiss reinsurer Veritas and an inactive portfolio from Belgian insurer OHRA Belgium, The Insurance Insider can reveal.
17 October 2013
Two Sigma favourite to buy SAC reinsurer
Hedge Fund Two Sigma has emerged as the frontrunner to take over SAC Capital's stake in the Bermudian reinsurer it founded last year, The Insurance Insider can reveal.
17 October 2013
RLI lifts Q3 operating earnings 40%
RLI Corp lifted third quarter operating earnings by 39 percent to $30.5mn as reserve releases continued to boost underwriting income.
17 October 2013
Platinum aided by releases as buybacks continue
Platinum Underwriters continued to buy back its stock aggressively in the third quarter, while the (re)insurer's underwriting result was again left reliant on a significant contribution from reserve releases.
17 October 2013
Hiscox hires ex Torus exec to head general liability in US
Lloyd's insurer Hiscox has hired Angela Adams to serve as underwriting leader for its general liability book in the US.
16 October 2013
Swiss Re considers Aurora National Life sale
Swiss Re is considering selling its US life insurer, Aurora National Life Assurance, according to a report from Bloomberg.
16 October 2013
Mapfre buys stake in Indonesian insurer
Spanish insurance giant Mapfre has acquired a 20 percent stake in the Indonesian insurer Asuransi Bina Dana Arta (ABDA)
16 October 2013
India storm losses won’t exceed $150mn: AIR
Insured losses from Cyclone Phailin will not exceed $150mn despite "significant" damage reported in India, according to cat modelling firm AIR
16 October 2013
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