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Novae names Butcher as new underwriting chief
Lloyd's insurer Novae Group has reshuffled the senior underwriting positions of its managing agency subsidiary and Syndicate 2007 following the departure of Peter Matson earlier this year.
21 September 2011
Trio of M&A deals highlights Lime Street vogue
While the high-profile M&A stories of the summer involving targets Transatlantic and Omega have dragged on for months, a flurry of activity has delivered three smaller scale Lime Street transactions in under a week.
21 September 2011
Bolt questions offshore energy underwriters' risk management
Lloyd's underwriting tsar Tom Bolt has fired another broadside at offshore energy underwriters by suggesting he is not convinced they are "robustly managing risks".
21 September 2011
Analyst downgrades Transatlantic stock on dimmed M&A prospects
Transatlantic Holdings stock has been downgraded by analysts at Deutsche Bank as the likelihood that the company moves forward as a standalone entity increases.
20 September 2011
Flagstone Re unlikely to recover Irene losses on cat bond
Flagstone Re is unlikely to benefit from $60mn of cat bond protection from Hurricane Irene as modelling firm RMS published a $2.82bn Paradex index value for the US storm, a trigger used on the Montana Re 2010 cat bond.
20 September 2011
UIB in board reshuffle
London-headquartered specialty (re)insurance broker UIB has announced a reshuffle of senior management.
20 September 2011
Generali shrugs off Italian downgrade
Generali shares traded in line today (20 September) as the markets shrugged off Standard & Poor's (S&P) decision to downgrade Italy's sovereign debt rating
20 September 2011
Montpelier sells US arm to focus on catastrophe
Bermuda reinsurer Montpelier Re has agreed a $55mn cash sale of its US insurance carrier to Selective Insurance Group, in a move that frees it up to concentrate on property cat reinsurance
20 September 2011
Russell Group launches multi-class risk model
Risk management software provider Russell Group has launched of a new solution for enterprise wide multi-class risk management - the ALPS enterprise multi-class model.
20 September 2011
Torus signs deal to acquire Broadgate for £11mn
First Reserve-backed (re)insurer Torus is poised to bolster its Lloyd's operations after it sealed an agreement with Israeli insurer Clal to buy its Lloyd's arm Broadgate for £11mn.
20 September 2011
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