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Sagicor sell-off failed on unrealistic valuation and legacy
Unrealistic price expectations and legacy issues attached to back year liabilities contributed to Sagicor's failure to successfully sell its Lloyd's business, The Insurance Insider understands
07 July 2011
Europe’s insurers hold up well to stress
Around 10 percent of European insurers could fall below their minimum capital requirements in the event of one or a series of adverse financial shocks, according to the European Insurance and Occupational Pensions Authority
07 July 2011
Broadgate in play
Broadgate is the latest in a long line of Lloyd's insurers that has made itself open to takeover approaches, it is understood
07 July 2011
Executives shift goalposts over compensation
As the soft market shows little signs of relenting and with interest rates at record lows, senior industry figures are cutting their performance targets to ensure they can still receive lucrative bonus payments
07 July 2011
Byrne squares off against Canopius in Omega tussle
Mark Byrne, the founder of Bermudian reinsurer Flagstone Re, and private equity-backed Lloyd's carrier Canopius lead a shortlist of buyers for Omega
07 July 2011
(Re)insurers continue to count cost of $15bn+ Q2 storms
Tornado activity eased off towards the end of the second quarter but loss estimates continued to accumulate following the severe storms that struck the US in April and May, taking reported losses to $8bn
07 July 2011
Bring on the heavyweights!
The Insurance Insider is bemused by market relief that a cat heavy H1 is finally over. After all, the traditionally tough Q3 is finally upon us
07 July 2011
Argo buys retro in cat bond form
First-time cat bond issuer Argo Group said turning to the collateralised sector was an attractive option in the current uncertain market, as a hedge against rising retrocession pricing
07 July 2011
Tawa goes exclusive in $50mn Whittington M&A race
UK-listed Tawa plc has shrugged off Stone Point Capital to enter into exclusive talks over acquiring Lloyd's turnkey managing agency Whittington
07 July 2011
Towers Watson structures private Florida cat bond
Towers Watson Capital Markets has structured and sold its first cat bond deal, an $11.95mn private placement for a Floridian insurance company.
07 July 2011
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