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Aspen to raise $150mn in preference share issue
Aspen Insurance Holdings has priced a $150mn public offering of six million 7.25 percent preference shares.
04 April 2012
QBE to acquire Brit UK renewal rights
QBE's European arm has shrugged off competition from Zurich Financial Services to buy the renewal rights on £350mn+ UK regional premium income business written by Brit Insurance.
04 April 2012
New London market claims software could cut processing times
London market service provider Xchanging has upgraded its electronic claims handling software in a move aimed at reducing processing times
03 April 2012
Offshore liability rates continue to climb
Rates rises are continuing in the offshore liability market as oil and gas producers look to renew programmes in the run-up to the official start of the US windstorm season on 1 June, according to Lloyd & Partners
03 April 2012
Flagstone confirms $48mn ANV Lloyd’s sale
Flagstone Re has agreed to sell its Lloyd's operations to ANV after more than a fortnight of exclusive talks, as predicted by The Insurance Insider last month
03 April 2012
Omega receives 65p offer from Canopius
Omega has disclosed to shareholders that it received a 65p per share all-cash offer from Lloyd's rival Canopius, confirming the news broken by The Insurance Insider after markets closed yesterday (2 April).
03 April 2012
The Hartford’s $2.4bn Allianz repurchase welcomed by analysts
The Hartford's move to repurchase $1.75bn of 10 percent notes issued to Allianz in 2008 as it sought funds amid frozen capital markets has been welcomed by analysts and investors, sending its shares up 4 percent in trading.
03 April 2012
Flagstone to net $41mn cash in Island Heritage sale to BF&M
Flagstone Re has agreed a deal to sell its Island Heritage Caribbean insurance operations for around $68mn to Bermudian carrier BF&M Ltd.
03 April 2012
Endurance CRO and chief actuary Angelina steps down
Endurance Specialty Holdings is in the hunt for a new chief risk officer and chief actuary after revealing that Michael Angelina is retiring from the dual role later this month to take up an academic position.
03 April 2012
Canopius 65p bid values Omega at £159mn
Lloyd's carrier Canopius has made a 65p per share all-cash offer for Omega that is subject only to recommendation by the seller's board, The Insurance Insider can reveal
02 April 2012
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