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Analysts bullish on Scor's prospects
Paris-headquartered reinsurer Scor is an attractive proposition for investors and is set to benefit from the integration of Converium and improved underwriting capacity, ratings and a low cost ratio, according to analysts.
15 June 2009
Transatlantic Re CEO welcomes 'new era'
Transatlantic Holdings president and CEO Robert Orlich has written to the firm's clients applauding the successful sale of American International Group's (AIG) majority stake this week.
15 June 2009
Thistle blooms with Ingham acquisition
London-quoted broker Jardine Lloyd Thompson's (JLT) expanding MGA arm, Thistle Underwriters, has acquired UK SME underwriting agency Ingham & Co in a cash/loan deal.
15 June 2009
XL buys $240mn D&O back-up facility
XL Capital has moved to reassure its professional lines clients by teaming up with National Indemnity Company (NIC) to back-up its Side A directors' and officers' (D&O) policies in the event that the Bermudian firm goes bust.
15 June 2009
Willis in $139mn PA LMX settlement, CNA suit still pending
Willis will pay $139mn to settle part of a longstanding dispute arising from its involvement in the infamous London market personal accident (PA) reinsurance spiral of the late 1990's...
15 June 2009
The Stag's exec exodus continues
The exodus continued from The Hartford last week, as chief investment strategist Quincy Krosby became the third senior executive this month to announce their departure from the embattled US insurance group.
15 June 2009
TARP-reliant Hartford to raise up to $750mn; stock falls
Shares in The Hartford fell 8 percent late last week after the distressed US insurance group surprised investors with plans to raise up to $750mn by selling common stock.
15 June 2009
CCRIF renews with a further rate cut
The Caribbean catastrophe pool, the Caribbean Catastrophe Risk Insurance Facility (CCRIF), saw its 2009/2010 programme renewed with a 10 percent reduction, making it the "lowest yet".
15 June 2009
Mortality cat bonds unaffected by pandemic upgrade
Despite the World Health Organization (WHO) declaring a global swine flu pandemic last week, secondary market prices for mortality bonds remained stable.
15 June 2009
Brit in all share Chaucer takeover talks
Brit Insurance and Chaucer confirmed late last week they were in discussions regarding a "possible all-share offer" - in what could be the largest Lloyd's M&A deal since...
15 June 2009
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