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Endurance to sell off London unit
Bermudian insurer Endurance Specialty Holdings is selling off its London insurance unit after a strategic review, The Insurance Insider revealed last week.
15 December 2008
R&Q, Randall win bitter run-off dispute
A bitter dispute involving two run-off giants culminated in a victory last week for Randall & Quilter (R&Q) affiliate Cavell USA and R&Q founder Ken Randall against two insurance companies connected to Bermuda-headquartered Enstar Group
15 December 2008
UK High Court rubber stamps first German Scheme
The UK High Court gave the go-ahead to the first solvent scheme of arrangement by a German reinsurer, paving the way for other German companies to consider using the UK run-off closure technique.
15 December 2008
AIG to pick up pace on disposals
American International Group (AIG) hopes to pick up the pace in its attempts to sell off multi-billion dollar assets as its chairman and CEO Ed Liddy said he expects to announce a number of transactions in the coming weeks.
15 December 2008
XL confirms Goldman Sachs appointment, flags Q4 write downs
XL Capital has confirmed that it has hired Goldman Sachs to "explore value-enhancing opportunities" as it pointed to an increase in Q4 investment write downs.
15 December 2008
Lloyd's insurer cautions over rate optimism
Novae Group chief executive Matthew Fosh has counseled patience amidst the blanket of optimism that has enveloped the London market in recent months.
15 December 2008
RBSI buy-out talks falter further
The saga that is Royal Bank of Scotland's attempts to sells its highly regarded insurance operations may have hit a further snag last week with suggestions that private equity firm CVC is no longer in exclusive talks with the bank.
15 December 2008
RSA cleared for Chinese unit
Royal and Sun Alliance UK plc (RSA) has received permission by the China Insurance Regulatory Commission (CIRC) to operate Sun Alliance Insurance (China) Ltd in 2009.
15 December 2008
XL hit by S&P downgrade
Troubled Bermudian (re)insurer XL Capital has been dealt a further blow in the build up to the key 1.1 renewal with the downgrade of the counterparty credit and financial strength ratings of its core operating...
15 December 2008
Ironshore acquires marine agency
Expansive Ironshore Inc has realised the first step in its strategy to build a marine franchise through its Lloyd's syndicate with the purchase of the marine underwriting agency Marine Re.
15 December 2008
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