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The Hartford closes trio of non-core sales
US insurer in rehabilitation The Hartford has closed the sale of three of its non-core businesses as it continues to free up capital and refocus its operations.
03 January 2013
AMTrust buys non-profit specialist
US insurer AMTrust Financial Services has bought First Nonprofit Companies (FNC) and agreed a deal to buy Mutual Insurers Holding Company (MIHC) for an undisclosed sum.
03 January 2013
Mapfre leads New Year share price surge
(Re)insurers have outperformed a wider stock market rally in trading today as investors reacted favourably after the US was pulled back from the "fiscal cliff" in a last minute deal.
02 January 2013
Lloyd's says goodbye to Project Darwin
Lloyd's will announce the renaming of Project Darwin later this month, calling time on a back office reform initiative that was in danger of becoming a political millstone within the London market.
02 January 2013
(Re)insurers outperform in 2012
(Re)insurance stocks broadly outperformed in 2012 as shares in European (re)insurers benefited from central bank interventions and US value stocks enjoyed a healthy bounce.
02 January 2013
Aon CFO: move to London more strategic than about tax
Aon Corporation's star CFO Christa Davies has explained that the firm's change of domicile to the UK in April 2012 was driven more by long-term strategy rather than by purely financial motives.
31 December 2012
Retro capacity and pricing unmoved at 1.1
Supply of non-marine retrocession capacity was abundant at the 1 January renewals, with sidecars and start-up funds writing pillared retro products, according to reinsurance broker Willis Re.
31 December 2012
IG faces 40% reinsurance increase, but capacity stable
The reinsurance programme of the International Group (IG) of protection and indemnity (P&I) clubs is facing a 40 percent price rise at its next renewal, according to global broker Willis Re's First View January renewals report.
31 December 2012
Alterra execs carrying $55mn golden parachutes
Senior executives at Alterra have rights to an estimated maximum pay-out of $55mn under the terms of golden parachute arrangements in their contracts, an S-4 filing with the Securities and Exchange Commission has revealed.
31 December 2012
Willis Re: Stable 1.1 reinsurance market passes Sandy test
Reinsurance prices have remained broadly stable at the 1 January renewals as the industry passed the test of Superstorm Sandy, with carriers able to differentiate by individual client, class and territory
31 December 2012
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