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$260mn Florida cat bond launched ahead of 2008 wind season
Florida homeowner insurer HomeWise Insurance Co has issued a $260mn Florida wind-only cat bond just weeks before the start of the North Atlantic wind season on 1 June.
15 May 2008
Insurance industry likely to escape full force of China quake
Property losses from the Chinese earthquake in Sichuan province could reach as much as $15bn but the insurance industry is likely to emerge relatively unscathed.
14 May 2008
Marsh accused of poaching UIB aviation staff
Marsh senior management pressurised its aviation department to use confidential information from rival intermediary United Insurance Brokers (UIB), a pre-trial hearing has been told.
14 May 2008
Argo offer for Heritage declared unconditional
Bermudian Argo Group International Holdings Ltd's 154p a share cash offer to buy Heritage Underwriting Agency plc has been declared unconditional.
14 May 2008
US dollar sends PARIS RE to IFRS loss
Foreign exchange losses sent PARIS RE to a $129.5mn first quarter net loss under IFRS reporting, against a comparable prior-year period net profit of $35.7mn.
14 May 2008
Brit appoints active underwriter
Brit Insurance Holdings Plc has appointed Jonathan Turner as active underwriter of Syndicate 2987.
13 May 2008
Validus establishes Latin American coverholder for Lloyd's arm
Bermudian (re)insurer Validus Holdings Ltd has formed a new Miami-based company to act as an approved coverholder for its Lloyd's Syndicate 1183.
12 May 2008
SEC to distribute AIG settlement
The US Securities and Exchange Commission (SEC) is to begin distributing over $800mn to American International Group (AIG) shareholders as part of the giant's settlement with regulators.
12 May 2008
Willis launches captive operation in Malta
Willis has launched a new Malta-based captive management operation, Willis Management (Malta) Ltd.
12 May 2008
JLT Re recruits from rivals
UK listed broker Jardine Lloyd Thompson Group (JLT) has strengthened its reinsurance operations with a slew of appointments from rival firms.
12 May 2008
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