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£1bn Hiscox leads flurry of proposed Lloyd's pre-emptions
Hiscox plc is leading a flurry of proposed bids among Lloyd's (re)insurers to expand their 2010 capacity in order to take advantage of anticipated good trading prospects and the stronger dollar.
24 June 2009
Flagstone Re leads Chaucer £50mn quota share
The growing popularity of quota share reinsurance was underscored with news that Bermudian (re)insurer Flagstone Re is the leader on the £50mn transaction that enables Lloyd's insurer Chaucer Holdings to increase its 2009 and 2010 capacity.
24 June 2009
Ironshore raises $300mn in private equity
Expansive Bermudian insurance group Ironshore Inc has raised $300mn in private equity to take advantage of the "significant dislocations" it is seeing in certain markets.
23 June 2009
Avery to join Fenchurch Advisory Partners
Julian Avery, the former CEO of Wellington Underwriting plc and chairman of Equity Insurance Group, is set to join financial services investment banking boutique Fenchurch Advisory Partners as a senior adviser.
23 June 2009
African Re joins the 'A-' club
Ratings agency Standard & Poor's (S&P) has raised its insurer financial strength rating on Nigeria-based African Reinsurance Corp to 'A-' from 'BBB+' with a stable outlook.
23 June 2009
IPC rejects revised Validus terms, begins new CEO search as board crunch looms
The board of in-play Bermudian catastrophe reinsurer IPC Holdings has rejected a revised offer for the company from compatriot (re)insurer Validus Holdings.
23 June 2009
News In Brief
RAA: $58bn in US premium ceded offshore in 2008; AWAC launches side 'A' D&O excess product; Ace enters $500mn LOC agreement with Deutsche Bank; Heath Lambert gains two new clients
22 June 2009
Willis Re UK exec quits
Donald MacDonald, the deputy managing director of Willis' UK reinsurance unit, has resigned, The Insurance Insider can reveal.
22 June 2009
Fitch downgrades Brit on profitability concerns
Ratings agency Fitch has downgraded its Insurer Financial Strength ratings for Brit Insurance Holdings' principle insurance subsidiary - Brit Insurance Ltd (BIL) - to 'A' from 'A+'.
22 June 2009
UK offshores enjoy captive interest growth
Offshore domicile Guernsey has seen a significant increase in enquiries relating to setting up captive and insurance cell operations in the last three months, chief executive of Guernsey Finance Peter Niven told The Insurance Insider.
22 June 2009
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