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$150mn CEA bond Embarcadero comes to market
A $150mn Californian earthquake cat bond, Embarcadero Re, is circulating the ILS market and will be marketed by Deutsche Bank, sister title Trading Risk understands.
25 July 2011
Scor premium income surges by a fifth
Scor has disclosed that during the June and July reinsurance renewals it wrote 22 percent more treaty business for P&C and specialty lines business.
25 July 2011
Investors await higher Validus offer after Transatlantic rebuttal
Shares in Transatlantic Holdings and its two suitors saw modest rises in trading on 21 July, as investors wait to see if Validus returns with a revised offer to best Allied World in their pursuit of the US reinsurer.
22 July 2011
Chubb reports $419mn profit despite cat toll
US insurer Chubb reported a nearly 20 percent year on year drop in second quarter net income to $419mn, despite suffering record losses from the spate of tornadoes that struck the US in the period.
22 July 2011
BMS buys out minority shareholder; lifts revenues
Specialist insurance broker BMS Group plans to buy out its only external shareholder, fellow Lloyd's broker AHJ Holdings, with the help of a £10mn credit facility.
22 July 2011
Beachcroft and DAC confirm merger
Insurance specialist law firms Beachcroft and Davies Arnold Cooper are to merge under the banner of DAC Beachcroft on 1 November.
22 July 2011
Beazley posts 108 percent combined ratio
Lloyd's insurer Beazley posted a half-year loss of $24.2mn as it said profits from its non-catastrophe business helped absorb the major disaster losses of 2011.
22 July 2011
US tornadoes push Travelers to record $364mn quarterly loss
US insurance giant Travelers reported a $364mn quarterly net loss as tornado losses contributed to more than $1.67bn in pre-tax cat costs for the firm - equivalent to its exposure to a 1-in-100 year hurricane.
21 July 2011
Mapfre and Euler Hermes enter credit JV
Mapfre and credit insurer Euler Hermes have signed up to a strategic alliance to build their credit and bond insurance business in Spain, Portugal and Latin America.
21 July 2011
Gallagher Intl in exclusive takeover talks with Oxygen
Gallagher International, the UK-based subsidiary of AJ Gallagher, is close to another major London market acquisition as it continues takeover talks with Michael Spencer-backed Oxygen Holdings, The Insurance Insider can reveal
21 July 2011
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