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  • Broking giant Aon Corp is marketing a dedicated insurance linked securities (ILS) fund, following Amlin and Benfield into the $8-10bn ILS fund management sector, our sister publication Trading Risk revealed.
  • Amid the threat of large losses, the hurricane season is not traditionally seen as a time for non-life M&A activity - especially on Lime Street.
  • Warren Buffett's Berkshire Hathaway is well known for stepping in to provide capacity for mega catastrophe perils that is either unavailable or too expensive elsewhere.
  • As the M&A winds continue to bluster through EC3, Bermudian-headquartered reinsurer Imagine Group Holdings Ltd's syndicates have emerged as the latest target for international (re)insurers interested in acquiring a Lloyd's platform.
  • Florida’s cat fund has turned to Berkshire Hathaway to buy a $4bn put option bond as a hedge against an active hurricane season after concluding the cost of traditional reinsurance was too high.
  • Ariel Reinsurance Company Ltd has announced that George Rivaz will take over as chairman as part of a wider restructure of the board.
  • American International Group (AIG) has confirmed reports that former CEO Martin Sullivan will receive a $47mn severance package after officially stepping down from his post.
  • In a bleak day for international equity markets, Brit Insurance Holdings Plc led UK insurers’ stocks south after closing down almost 7.5 percent on the London Stock Exchange.
  • Lloyd’s insurer Chaucer Holdings plc has confirmed the sale of its shareholding in Pembroke to Ironshore Inc in a deal worth £14.9mn, as first revealed by The Insurance Insider.
  • London rainmakers gathered at the iconic Swiss Re "gherkin" to discuss the competitiveness of the London market, tax, regulation and the challenges of deteriorating investment returns at our roundtable event...