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  • Bermudian-headquartered run-off specialist Enstar Group Ltd has fought off heavy competition and fears of wilting capital providers to win the race to buy Unionamerica Holdings Ltd, the discontinued UK-based operations...
  • Scottish Lion Insurance Company, the UK insurer in run-off that used to be run by AXIS Capital founder John Charman, is again looking to crystallise its liabilities via a scheme of arrangement.
  • Carpet-baggers and pre-emptions…
  • Christopher Droney, the federal judge who oversaw the trial of five former General Re and American International Group (AIG) executives, has ruled that their conspiracy led to huge losses for investors.
  • FSA green light for Leadenhall; Aon Benfield unit takes shape; Cat futures leap
  • October was set to be the busiest month of the year for secondary trading of cat bonds, in part fuelled by hedge funds being forced to de-leverage amidst the financial turmoil.
  • ILS issuance has been stalled by the credit crisis but further activity predicted; 2008 tally will be lower...
  • Credit derivatives – famously described as “financial weapons of mass destruction” by Warren Buffett – came back to bite his Berkshire Hathaway investment conglomerate as its profits slumped 77 percent in the third quarter.
  • The alternative investment approach taken by Prem Watsa at the helm of Fairfax has helped the Canadian combine navigate a safe passage through the troubled waters of the financial markets.
  • Although investment losses combined with hurricanes led to widespread net losses reported for the third quarter – especially among Bermudians – the majority are still on course to deliver full-year profits...