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Grafton shops for legacy captive business
Legacy (re)insurer Grafton completed a transfer for UK supermarket firm WM Morrison's captive run-off liabilities understood to be in the "tens of millions".
11 November 2010
Run-off sector faces UK liabilities fall
Legacy (re)insurers whose traditional sources of revenue are drying up while liabilities shrink in the UK are looking further afield, run-off industry rainmakers heard last month in New Jersey.
11 November 2010
RiverStone set for RITC of Syndicate 376
Legacy specialist RiverStone is set to reinsure-to-close the open years of Syndicate 376, one of the largest remaining syndicates in run-off in the Lloyd's market, The Insurance Insider can reveal.
11 November 2010
Florida approves Hiscox
The Florida regulator has continued to ease barriers to foreign reinsurers, with the Bermuda operation of Lloyd's (re)insurer Hiscox the latest to secure a cut in its collateral requirements to 20 percent.
11 November 2010
Sandler ruled himself out of chairman role
Ron Sandler rejected approaches from Lloyd's to take over from Lord Levene of Portsoken before events at nationalised UK bank Northern Rock effectively removed him from the running.
11 November 2010
Letts gone under new Ri3K owner Qatarlyst
Ri3K's founding CEO Alex Letts has stepped down upon the firm's sale to fellow (re)insurance technology platform Qatarlyst.
11 November 2010
International digest
US P&C rates continue to fall in soft market; Berkshire lukewarm on cat; Ambac files for Chapter 11; QBE underwriting chief; Marine follows Bender
11 November 2010
London digest
Reinsurers weigh up UK motor quota share; QBE reinsurance rejig; Pensions shadow Miller; Lancashire picks Whelan; Russia with Lloyd's
11 November 2010
UK platforms of merged brokers lose CEOs after Stateside tie-ups
Two senior broking executives have left Cooper Gay and Colemont Global Group as the organisations readjust following their mergers with US-based wholesale brokers.
11 November 2010
Aon ‘laptop in the pond’ settlement ends another London hiring spat
Aon's out-of-court settlement of its "laptop in the pond" poaching dispute with Marsh ended the prospect of another acrimonious and protracted legal wrangle
11 November 2010
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