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Greenlight Re Q1 losses decrease
Cayman Islands-based reinsurer Greenlight Capital Re revealed its losses more than halved in the first quarter compared to the same period last year.
19 May 2008
Arig Q1 profits slump on investment returns
Arab Insurance Group (Arig) has revealed profits more than halved in the first quarter of 2008, compared to the prior-year period.
19 May 2008
First court appearance for Marsh and UIB in aviation poaching dispute
The two broking firms involved in a David and Goliath-style legal tussle over alleged aviation staff poaching and use of confidential information appeared in court last week.
19 May 2008
Private equity targets second round of RBSI auction
Private equity firms may team up with potential trade buyers to bid for Royal Bank of Scotland’s insurance division (RBSI) at a later stage in the bid process after being blocked from entering the first round of bidding.
19 May 2008
European investors take 40 percent of Japanese quake bond
Munich Re Capital Markets placed "just under 40 percent" of the $300mn Muteki cat bond, revealed by our sister publication Trading Risk last week, with investors in the European Union and Switzerland.
19 May 2008
Amlin underwriting chief sells over £5.5mn of stock
Amlin's head of underwriting Tony Holt has sold £5.77mn worth of company shares - the vast majority of his holding - in a move that may further fuel speculation over his future at the Lloyd's insurer.
19 May 2008
Proposed Heath Lambert sale threatened by objections
The proposed sale of Heath Lambert's wholesale operations to Cooper Gay is coming under further pressure as executive opposition to the deal increases at the broker, The Insurance Insider can reveal.
19 May 2008
New York court dismisses fraud case against Cavell USA
A New York Federal court has dismissed fraudulent misconduct claims against Cavell USA Inc – an affiliate of Brandywine owner Randall & Quilter – and its chairman Ken Randall brought by US run-off insurers Seaton Insurance Company and Stonewall Insurance
19 May 2008
New York court dismisses fraud case against Cavell USA
A New York Federal court has dismissed fraudulent misconduct claims against Cavell USA Inc - an affiliate of Brandywine owner Randall & Quilter - and its chairman Ken Randall brought by US run-off insurers Seaton Insurance Company and Stonewall Insurance
19 May 2008
Insurers must 'find new business model', says Beglinger
Former Swiss Re executive Shirley Beglinger has called for collaboration in the industry after it was estimated a quarter of insurers are unprepared for Solvency II.
19 May 2008
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