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Allied World to build out US construction platform
Allied World Assurance Company has launched a new primary construction casualty division out of its US insurance platform.
10 July 2012
US June storms to cost insurers over $1.9bn
Severe weather events in the US last month look set to cost insurers over $1.9bn, Aon Benfield's Impact Forecasting unit said in a monthly report, citing a variety of sources
10 July 2012
Endurance reorganises property cat roles
Bermudian (re)insurer Endurance has promoted David Bigley to head of US property cat reinsurance as part of a wider reorganisation within the business line
10 July 2012
BMS hires Aon Benfield fac broker for Asia push
Expansionist independent broker BMS has tempted Glenn Kerr away from Aon Benfield to spearhead the growth of its wholesale and facultative business in Asia Pacific
10 July 2012
AM Best affirms Labuan Re after $55mn capital raise
Malaysian reinsurer Labuan Re has had its A- financial strength rating affirmed by AM Best after it successfully issued $55mn of subordinated bonds to shore up its capital position in the wake of bruising losses from last year's Thai floods.
10 July 2012
‘Uneventful’ Q2 leaves (re)insurance stocks lacking catalysts
With the US and Bermudian P&C reporting season due to hit its straps in the coming weeks, Q2 results are expected to be "uneventful", according to equity analyst Matt Carletti of JMP Securities.
10 July 2012
$500mn SAC Re latest hedge fund reinsurer to launch
Hedge fund-backed reinsurer start-up SAC Re has officially launched with $500mn capital and A- financial strength and a- issuer credit ratings from AM Best, in a move first revealed by The Insurance Insider.
09 July 2012
Aegis launches cyber cover
Aegis London has hired specialist technology underwriter Rick Welsh to launch its cyber insurance book
09 July 2012
Lightyear Capital poised to buy into Cooper Gay
US private equity firm Lightyear Capital is set to widen its participation in the insurance sector by investing in global broker Cooper Gay Swett & Crawford, today's edition of The Insurance Insider can reveal.
09 July 2012
The industry’s largest cat reinsurance buyers finally revealed...
For the first time ever, the global P&C (re)insurance industry now has at its fingertips an exclusive league table of the industry’s twenty largest property cat reinsurance buyers.
09 July 2012
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