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No Isaac payouts likely for CCRIF
There is unlikely to be any payout from the Caribbean Catastrophe Risk Insurance Facility (CCRIF) due to the damage caused by Hurricane Isaac, the organisation has said.
30 August 2012
Third Point Re to launch London platform
Third Point Re - the 2012 reinsurance start-up capitalised with $780mn in private equity funding - is continuing to build its platform with a London office led by former Allied World executive Clare Himmer
30 August 2012
AM Best signals SeaBright downgrade prospect
AM Best has put its A- financial strength rating for SeaBright Insurance Holdings under review with negative implications following the news earlier this week that Enstar is to buy the US workers' compensation insurer
30 August 2012
Validus agrees $623mn acquisition of Flagstone Re
Expansionist Bermudian reinsurer Validus Holdings has reached an agreement to acquire Flagstone Re in a cash and share deal that values the company at 0.72x book value.
30 August 2012
ANV syndicate hires Travelers team in A&H push
ANV's Lloyd's Syndicate 1861 is set to expand into the Accident & Health (A&H) market following the hire of a team from Travelers Syndicate Management.
30 August 2012
Admiral reports top and bottom line growth in H1
London Stock Exchange-listed motor insurer Admiral increased pre-tax profits for the first six months of the year by 7 percent to £171.8mn, while growing turnover by 6 percent to £1.17bn
30 August 2012
Isaac onshore insured losses up to $1.5bn: Eqecat
Onshore insured losses from Hurricane Isaac along the Gulf coast are expected to be in the range of $500mn to $1.5bn, according to modelling firm Eqecat.
30 August 2012
Hitchings to join Names' adviser Newton Follis
Well regarded insurance equity analyst Chris Hitchings is set to join the boutique Lloyd's Names adviser, the Newton Follis Partnership as director of research, The Insurance Insider can reveal.
29 August 2012
Langley to leave Lloyd’s
Sue Langley, the most senior female executive at Lloyd's, is to leave the Corporation later this year.
29 August 2012
Ark takes binder team from Omega
Lloyd's (re)insurer Ark Syndicate Management has hired a property and general liability binding authority team from recently bought-out Lloyd's peer Omega, The Insurance Insider can reveal.
29 August 2012
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