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Bidders close in on Copenhagen Re
A shortlist of bidders are now competing to purchase Danish reinsurer Copenhagen Re, The Insurance Insider can reveal...
11 May 2009
Swiss Re: does the recovery start here?
Shares in Swiss Re have continued to surge as the reinsurer unearthed tentative green shoots of recovery with better than expected first quarter figures, against a backdrop of what look to be an easing of conditions in the broader credit markets.
11 May 2009
Stone Point hires Keeling
Henry Keeling has joined the ranks of industry veterans at Stone Point Capital - the Greenwich-based private equity firm that invests in the (re)insurance and financial services sectors, The Insurance Insider can reveal.
11 May 2009
Chaucer prefers cash to paper
Brit Insurance's bid to acquire its Lloyd's rival Chaucer Insurance Holdings is thought to be at least partially dependent upon agreeing the proportion in cash.
11 May 2009
June also set for new BMS v CJC showdown
The long-running dispute between rival London Market brokers BMS Group and CJ Coleman (CJC), which The Insurance Insider revealed had erupted again in early April, is set for a three-day trial on 2 June.
11 May 2009
Crist gives Florida reinsurers a further boost
On the eve of the official start to the US windstorm season and two years after enacting legislation that effectively nationalised Florida’s homeowner reinsurance market, state governor Charlie Crist is set to sign into law reforms...
11 May 2009
Mayer Brown names new London group head
International law firm Mayer Brown has promoted Karen Abbott as head of its London insurance and reinsurance group. Abbott - current head of reinsurance - takes over from Sean Connolly, now Mayer Brown’s senior partner in London.
11 May 2009
London News Digest
Charles Taylor targets London growth; RBSI profits fall on Tesco sale; Argo ends search for Heritage CEO; JLT retains sunny outlook - bags Aon Benfield pair; Gander heads Aon Benfield specialty casualty division; London ducks IPL cover; Tax fillip for Llo
11 May 2009
Pro-insurer ruling on US asbestos
(Re)insurers with US asbestos exposures will welcome an Illinois Supreme Court opinion on 16 April over proof of "causation" in cases alleging injury from the toxic material...
11 May 2009
Legacy: news in brief
Sovereign receives further $60mn; Highlands to scheme
11 May 2009
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