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Another sidecar gets stuck in soft market
Catlin's $150mn IPO Long Bay Re is withdrawn - the latest 2010 sidecar to remain on the grid
04 June 2010
Florida accounts move after broker aggression
Brokers becoming increasingly ruthless in prizing accounts of each other in 1.6 dogfight
04 June 2010
Catlin withdraws plans for $150mn sidecar IPO
The first ever attempt to publicly float an evergreen reinsurance sidecar has failed after Catlin Group pulled the plug on the listing of Long Bay Re, scheduled for tomorrow (4 June).
03 June 2010
Allied World to launch Lloyd’s insurer
Bermudian (re)insurer Allied World Assurance Company (AWAC) is to launch a Lloyd's insurer that will begin underwriting later this month.
03 June 2010
GoM oil spill liability ‘could hit $40bn’
BP and the other companies embroiled in the Gulf of Mexico oil spill disaster face a total liability of up to $40bn, according to US energy financier Tudor Pickering Holt & Co (TPH).
03 June 2010
CRC hits back at Ryan and denies BB&T conflicts
The war of litigation between US wholesaler CRC Insurance Services and Ryan Specialty Group (RSG) continues to escalate.
02 June 2010
Crist vetoes latest Florida insurance bill over rate rises
Populist Florida governor Charlie Crist has exercised an 11th-hour veto of a state property insurance bill (SB2044) because it would have allowed limited price increases to policyholders
02 June 2010
Chubb launches Lloyd’s insurer
US insurance giant Chubb has confirmed plans to launch a Lloyd's insurer that will underwrite through the start-up Syndicate 1882.
02 June 2010
Alterra hires Sharebridge’s Worman to lead US unit
Alterra Managers, a US unit of Bermudian (re)insurer Alterra Capital, has hired Sharebridge Underwriting's Doug Worman.
02 June 2010
UK Pru walks away from ill-fated AIA deal
Prudential has conceded to shareholder pressure and abandoned plans to acquire the Asian life insurer of the American International Group (AIG), which refused to revise the deal terms.
02 June 2010
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