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Willis reintroduces Faber Dumas brand
Willis decided to resurrect one of the broking industry's famous old names with plans to re-brand London market broking subsidiary Glencairn, acquired as part of the $2.1bn Hilb Rogal & Hobbs takeover, as Faber Dumas.
08 September 2008
Fox and Stanard launch TigerRisk
Two industry veterans have formally launched their re-branded reinsurance brokerage, TigerRisk Partners.
08 September 2008
AWAC opens Swiss office
Allied World Assurance Company Holdings Ltd (AWAC) has become the latest Bermudian to make a move to Switzerland.
08 September 2008
Rating agencies stable on global reinsurance sector
Tough market conditions that are providing reinsurers with the "sternest possible test" of their enterprise risk management (ERM) are likely to lead to a number of rating outlook changes, according to credit agency Standard & Poor's (S&P).
08 September 2008
Gallagher to buy Oxygen
Gallagher UK is aiming to bolster its MGA capabilities with the proposed acquisition of the agency operations of London-headquartered Oxygen Holdings plc.
08 September 2008
Swiss Re wins $1.5bn cat bond mandate
Swiss Re Capital Markets has won a $1.5bn mandate to securitise US earthquake risk for the California Earthquake Authority (CEA) in its latest, and by far the largest 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
Marine/energy (re)insurers face $1bn Sempra Energy claims
Marine/energy (re)insurers face losses that could mount to $1bn as US homeowner insurers look to subrogate claims arising out of last October's California wildfires.
08 September 2008
AIG looks to dump toxic assets
American International Group (AIG) is considering setting up a new company in which to dump toxic assets that have so far led to more than $25bn of write-downs in its financial products division (AIGFP).
08 September 2008
Big cat loss could trigger sidecars
If a market-changing event hit the reinsurance sector this year, forced M&A activity and sidecar issuance would be the likely outcome rather than the formation of a new 'class of 2008', according to leading industry figures.
08 September 2008
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