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Scor receives another rating agency boost
French reinsurer Scor has received a further rating agency fillip, after enjoying an AM Best upgrade on the eve of last month's Monte Carlo reinsurance Rendez-Vous.
04 October 2010
RVI up for sale
The RVI Group - a specialty writer of residual value insurance in the commercial equipment, passenger vehicle and real estate markets - is looking for a buyer, among other strategic options.
04 October 2010
Allied World latest to exit Bermuda for Switzerland
Allied World is to move its main holding company to Switzerland, providing further evidence that Bermuda is losing its lustre as an offshore domicile.
04 October 2010
Ace takes senior executive from The Hartford
Ace Group has lured Juan Andrade from The Hartford to head up its property and casualty (P&C) personal lines and small commercial business.
04 October 2010
Starr hires Chubb political risk team
CV Starr is growing its political risk/credit business after hiring a market leading underwriting team from Chubb Group of Insurance Companies.
04 October 2010
Liberty Mutual pulls $1bn+ IPO
Liberty Mutual Group has shelved a planned $1bn-plus initial public offering (IPO) of its agency business, citing an "unfavourable" climate for achieving the desired value.
04 October 2010
QBE’s US subsidiaries upgraded
AM Best has upgraded the ratings of QBE subsidiaries Praetorian Insurance Company and NAU Country Insurance Company to reflect the strength they draw from being part of a more diversified international (re)insurer.
04 October 2010
AIG deflates AIA valuation to c.$31bn
American International Group (AIG) has been forced to scale back its valuation of Asian life insurer AIA for its upcoming initial public offering (IPO) in Hong Kong.
04 October 2010
Lightyear Capital in tie-up with HCC founder
Houston-based insurance investment vehicle South West Insurance Partners (SWIP) has confirmed that it is merging with New York-based Lightyear Delos Acquisition Corp.
04 October 2010
Higher claims burden inflicts loss on Hampden vehicle
Lloyd's investment vehicle Hampden Underwriting plc suffered a first-half net loss of £58,000, down from a £138,000 profit a year earlier, as a 27 percent increase in claims took its toll.
04 October 2010
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