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Douetil-era COO leaves Brit
Malcolm Bean, chief operating officer at Brit Insurance since before it was sold to the Achilles private equity consortium, has left the company, The Insurance Insider has learned.
25 June 2012
Robinson seeks to disrupt Omega takeover
Omega's founder and former underwriting chief John Robinson is taking the company to court in Bermuda ahead of its proposed sale to fellow Lloyd's insurer Canopius.
25 June 2012
Axis shares in ‘choppy’ waters after Charman ousting
Shares in Axis Capital closed down 2.5 percent on 25 June to $31.57 (previous closing price $32.38 on the NYSE) following news that the (re)insurer had ousted chairman and founder John Charman at the cost of $22mn
25 June 2012
Berkshire agrees to write $800mn of Suncorp cat cover
Berkshire Hathaway's reinsurance chief Ajit Jain has agreed to write lines totalling $800mn on Suncorp's main open market cat treaty while on a recent trip to Australia, The Insurance Insider can reveal.
25 June 2012
Barbican ownership reshuffle on the cards
Barbican Group's main backer Carlson Capital is holding talks to buy out its minority owner Steel Capital, The Insurance Insider has learned.
25 June 2012
Novae Re defections now at least 13 strong
The walk-out at Novae Re's Zurich office continued last week, with most of the firm's Switzerland-based underwriters now having resigned from the Lloyd's (re)insurer.
25 June 2012
ANV final bid for Flagstone on the table
Flagstone is weighing up its strategic options after ANV, the sole remaining bidder in its auction process, tabled its "final" bid for the company, The Insurance Insider can reveal.
25 June 2012
The first million is always the hardest
It's been quite a month for those concerned with the nurturing of our industry's future talent, particularly here in London.
25 June 2012
Lightyear Capital considers capital options for Lloyd’s insurer Antares
Lightyear Capital, the private equity (PE) owner of Lloyd's (re)insurer Antares, has held talks with at least three potential partners as it looks to raise additional equity to grow the business, The Insurance Insider can reveal.
25 June 2012
S&P downgrades Groupama to BB despite asset sales
Ratings agency Standard and Poor's (S&P) has downgraded its long-term insurer financial strength and issuer credit ratings on France-headquartered international mutual Groupama and its guaranteed subsidiaries by two notches from BBB-to BB.
25 June 2012
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