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Compre swoops for Swiss Re legacy motor portfolio
European legacy specialist Compre has agreed to buy a run-off portfolio of motor liabilities from Swiss Re, The Insurance Insider can reveal.
07 January 2013
RiverStone beats Enstar in Eagle Star auction
Fairfax Financial subsidiary RiverStone Insurance (UK) pipped its Bermudian rival Enstar in the bidding war for Zurich Insurance Group's Eagle Star run-off portfolio, the global insurer announced on 27 December.
07 January 2013
RenRe's Upsilon II writes $185mn of retro
Convergence pioneer RenaissanceRe has written $185mn of collateralised limit through Upsilon Re II, the latest incarnation of its retro sidecar.
07 January 2013
New buying habits to drive fund management: Aon Benfield
The New Year has brought strong activity in the third party-managed fund sector as RenaissanceRe deployed capacity from another new sidecar and Montpelier Re's Blue Capital structure came on stream in time for an active 1 January.
07 January 2013
Lakeside Re upsizes to $270mn
Zurich America Insurance Company's latest Lakeside III issuance upscaled from $225mn to $270mn at the end of December.
07 January 2013
Data room: Stock movements
Weekly share price movements and key data on The Insurance Insider's universe of P&C (re)insurers and brokers
07 January 2013
New record as outstanding cat bond limit reaches $16.5bn
Total new cat bond issuance in 2012 hit $6.3bn, the highest level since 2007, while total bonds outstanding in the market reached a new record of $16.5bn of limit at year-end.
07 January 2013
Sandy highlights storm surge threat: Munich Re
Munich Re has argued that the US needs to take a more robust approach to tackling storm surge, as it released figures showing that US nat cat events dominated the 2012 industry loss tally, led by Superstorm Sandy.
07 January 2013
BHP Billiton reaches $300mn flood settlement
Mining underwriters have been given a substantial lift after Australian mining conglomerate BHP Billiton settled its 2008 flooding claims for $300mn, sister title Inside FAC has reported.
07 January 2013
Arguments in store over $1.4bn Transocean fine
Drilling contractor Transocean is set for fraught discussions with lawyers and its liability insurance underwriters after agreeing with US authorities to pay a $1.4bn fine for its role in the 2010 Deepwater Horizon disaster.
07 January 2013
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