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Midweek NYSE debut for $1.5bn Third Point
Third Point Re, the reinsurer founded by hedge fund guru Daniel Loeb and run by Harbor Point CEO John Berger, is expected to make its keenly awaited New York Stock market debut on Wednesday (14 August).
12 August 2013
Tower’s $110mn reserve strengthening wipes $310mn off stock
The $60mn-$110mn reserve strengthening that Tower announced last week was well above speculative estimates of the insurer's potential reserve inadequacy, FBR analyst Randy Binner said.
12 August 2013
Chinese capacity on Wal-Mart, Marriott property programmes
The weight of new Chinese capacity with an appetite for US property business was felt on a number of recent blue-chip renewals, according to underwriting sources.
12 August 2013
Hot zloty
They cross our borders, undercut prices and take away our business.
12 August 2013
BMS revives Lloyd’s ambitions and targets 1.4 start-up
Independent broker BMS has resumed active work on a Lloyd's start-up after an abortive effort in 2010/11, and is targeting a 1 April start date, The Insurance Insider can reveal.
12 August 2013
Tokio Marine swaps in new underwriter for Syndicate 1880
Tokio Marine-owned Kiln Group has appointed Satoshi Naganuma as active underwriter of Syndicate 1880, effective immediately.
12 August 2013
British marine insurers eye merger
British specialist marine insurers North of England P&I and Sunderland Marine Mutual Insurance are in talks about a possible merger, the two companies have announced.
12 August 2013
UK aims to lure overseas (re)insurers
The British government is hoping to convince overseas-domiciled Lloyd's of London (re)insurers to move their headquarters to the UK, the British newspaper Independent on Sunday reported.
12 August 2013
Third Point Re IPO set for 14 August
Third Point Re, the reinsurer founded by hedge fund guru Daniel Loeb, is expected to make its keenly-awaited New York Stock market debut on Wednesday (14 August), in a move that looks set to value the company at almost $1.5bn.
12 August 2013
Enstar reports $19mn Q2 net income
Enstar reported Q2 net income that more than halved year-on-year to $19mn from $41mn in the corresponding period of 2012.
10 August 2013
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