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Aegis targets London short-tail marine market
Aegis London has hired former Atrium duo Simon Cooper and Richard Young.
22 October 2012
Solvency II live date may slip to 2016…
Solvency II may not now go live until 2016 after a key voting deadline was missed last month that ruled out the slated 1 January 2014 implementation day.
22 October 2012
Eurus marks new low for ILS premiums
Hannover Re's Eurus III cat bond marked a historical pricing low for the European wind risk insurance-linked securities (ILS) market.
22 October 2012
Pipeline trio could take 2012 cat bond issuance to $5bn+
In the past fortnight at least three catastrophe bonds have been brought to market that could take 2012 issuance beyond $5bn if they all close.
22 October 2012
Reinsurers' share of ILS market declines
Reinsurers pulled back their participation in the insurance-linked securities (ILS) market in the year to 30 June, according to Aon Benfield's annual report on the sector.
22 October 2012
Citizens will return to cat bond market in 2013 with $250mn placement
Florida's state-backed insurer Citizens is planning to re-enter the cat bond market in 2013 with an additional $250mn placement, after making its debut this year with the $750mn Everglades Re transaction.
22 October 2012
Massive outperformance drives Platinum shares up
Platinum Underwriters ensured Bermuda's Q3 results season also started with a bang, with the reinsurer's shares gaining 4.4 percent in trading on Thursday (18 October) after earnings were more than double the Wall Street consensus forecast.
22 October 2012
Casserley appointment reinforces Willis independence
The appointment of McKinsey &Co principal Dominic Casserley as CEO elect of Willis Corp has deflated speculation that the business might be sold on the exit of long-time chief Joe Plumeri, analysts said.
22 October 2012
Direct Line IPO gets Goldman Sachs vote of confidence
Goldman Sachs has exercised its over-allotment option to buy 67.5 million additional Direct Line shares, in a fresh sign that the IPO has been well received.
22 October 2012
US P&C stocks surge as Travelers delivers ‘rate on rate’
Strong third quarter results from early reporting Q3 US P&C insurers have fuelled a surge in share prices in the sector.
22 October 2012
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