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European securitisation deals to keep growing
The increasing use of securitisation transactions by European life insurers for finance and risk transfer is set to keep on growing, according to a report by rating agency Standard & Poor’s (S&P).
13 January 2006
‘Gold-plated’ reinsurance key to Equitas deal
"Gold-plated" reinsurance was key to the landmark $7bn deal between Equitas and Berkshire Hathaway according to Scott Moser, CEO of the Lloyd's run-off vehicle.
12 February 2007
Swinglehurst future threatened by £3mn of outstanding fees
Small Lloyd's insurance broker Swinglehurst is anxiously awaiting the receipt of £3mn of overdue fees from a single client, as it seeks to settle a £920,000 tax dispute with the UK tax authorities (HMRC) that has driven it to the brink of bankruptcy.
13 June 2011
Willis correction: No dispute over Gras Savoye valuation
Willis Group is not in dispute with shareholders in its affiliate Gras Savoye & Cie over the valuation of the French broker.
28 April 2009
Validus shares down after Goldman Sachs sell-off
Shares in Validus Holdings were trading down by more than five percent today after it emerged Goldman Sachs had sold off more than 3.5 million shares in the reinsurer.
15 April 2011
Heritage maintains syndicate forecasts
Lloyd's insurer Heritage Underwriting Agency plc, which was acquired by Bermudian Argo International Group earlier this year, has maintained its previous forecasts on its Lloyd's syndicates.
27 May 2008
AXIS announces strategic realignment
Bermudian (re)insurer AXIS has announced the realignment of its organisational structure to, in its own words, “enhance the brand and operations of its insurance businesses and its reinsurance businesses globally”.
15 November 2004
Arch and Montpelier launch sidecars
Bermudian Arch has become the latest (re)insurer to enter into a sidecar arrangement following the establishment of Flatiron Re. Flatiron Re follows XL sidecar Cyrus Re and Montpelier’s Blue Ocean, and carries the distinction of becoming the first...
13 January 2006
Willis $300mn bond cancellation sparks M&A speculation
Insurance broker Willis Group Holdings Ltd cancelled a $300mn debt issue at the end of June - a move that has led to speculation the firm is again considering a significant acquisition.
07 July 2006
Metcalf linked with Liberty move
Liberty Syndicates - one of the largest Lloyd's (re)insurers - is set to end its search for a new CEO by appointing Nick Metcalf to the role, according to market sources.
12 July 2007
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