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Hiscox faces £40mn Names challenge
Hiscox Ltd remains in discussions with members' agents and Lloyd's over controversial plans to launch a new syndicate backed 100 percent by its own capital to write business currently on its Names-backed Syndicate 33.
08 September 2008
Hannover invests $50mn in Lohmann-managed ILS fund
German reinsurer Hannover Re has supported former executive Dirk Lohmann with a $50mn investment in his new Secquaero insurance linked securities (ILS) fund, according to sources close to the deal.
08 September 2008
Lloyd's capacity to fall in 2009
In the absence of market-changing catastrophe activity through the rest of the year, Lloyd's opening capacity for 2009 looks set to be marginally down on its £15.95bn stamp capacity at the start of 2008.
08 September 2008
Interest snowballs in Buffett
(Re)insurance scholars with a penchant for a bit of Buffettology are in for a treat on 29 September when what is promised to be Warren Buffett's only authorised biography hits the bookshelves.
08 September 2008
Benfield rejects increased 360p Marsh offer
Last minute negotiating between Benfield chief executive Grahame Chilton and broking giant MMC saw the reinsurance specialist reject an increased 360p a share offer from the New York headquartered firm in favour of Aon's all cash offer.
08 September 2008
Munich Re to launch new Lloyd’s syndicate
Munich Re's Lloyd's operation Beaufort Underwriting Agency Ltd is set to unveil a new wholly-aligned syndicate for the 2009 year with former ACE underwriter Gordon Breslin at the helm, The Insurance Insider can reveal.
08 September 2008
Christian to head Aon Benfield International
Dominic Christian will head Aon Benfield Re's international operations once the merger between the two firms is completed later this year, The Insurance Insider can reveal.
08 September 2008
'Difficult time' for ILS market
The soft traditional reinsurance markets and hard credit markets are dampening 2008 insurance linked securities (ILS) issuance, creating a "difficult and challenging market".
08 September 2008
CJ Coleman wins £2mn PA account
Independent London market broker CJ Coleman has won the DynCorp PA account from Guy Carpenter & Co, The Insurance Insider can reveal.
08 September 2008
Clayton hire to boost Willis Re's P&I reinsurance practice
Willis Re's protection and indemnity (P&I) reinsurance practice is set to be strengthened with the hire of Bruce Clayton from AJ Gallagher.
08 September 2008
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