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Arch reshuffles management of beefed up European reinsurance unit
Maamoun Rajeh has been named president and CEO of Arch’s newly enlarged European reinsurance arm.
12 June 2012
AM Best affirms the Hanover’s ratings
Ratings agency AM Best has affirmed the ratings of US insurer The Hanover, citing its solid risk adjusted capitalization.
12 June 2012
Travelers linked to Esure stake buy
US insurance group Travelers is in talks to buy a minority stake in UK motor insurer Esure, according to reports.
12 June 2012
Mapfre downgraded to BBB by Fitch
Fitch Ratings has downgraded Spanish insurance group Mapfre's insurer financial strength rating by three notches to BBB from A, in line with its recent downgrade of the Spanish sovereign rating
12 June 2012
Lancashire withdraws from D&F and onshore energy
Lancashire Group is trimming its book by some 10 percent by exiting the property direct and facultative (D&F) and onshore energy markets
12 June 2012
KPMG exec named as first FCA chairman
KPMG's UK chairman John Griffith-Jones has been lined up as the non-executive chair of new UK financial services regulator the Financial Conduct Authority (FCA)
12 June 2012
Validus buyback to return $204mn to investors
Validus Holdings has announced that it will buy back shares worth some $204.3mn after completing a previously modified Dutch auction process.
11 June 2012
Equity Redstar’s auctioneer begins hard sell
Corporate financier Evercore has made its first move to sell Insurance Australia Group (IAG)'s UK operations by issuing a "teaser" prospectus, The Insurance Insider has learned
11 June 2012
Global Indemnity unveils $63.7mn buyback
Global Indemnity expects to buy back close to 3 million of its shares at a price at or below $21.75 from a preliminary count of its modified Dutch auction tender offer, the firm said today (11 June).
11 June 2012
US P&C prices up 5% in Q1: Towers Watson
US commercial insurance prices were up almost 5 percent in the aggregate in Q1 to mark the largest quarterly increase since 2004, according to the latest carriers survey by broker Towers Watson
11 June 2012
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