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ILS market now open for smaller (re)insurers
In the latest insurance linked securities (ILS) structuring innovation, Deutsche Bank is marketing a new trigger mechanism, which aims to streamline ILS issuance and open up the market to smaller sponsors, The Insurance Insider can reveal.
07 July 2008
Another Lloyd's insurer up for sale
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.
07 July 2008
Stone Point to launch PE wholesale aggregator
Stone Point Capital and the former chief executive of Marsh Americas are poised to launch a new vehicle dedicated to funnelling the enormous insurance spend of the private equity industry.
07 July 2008
International News Digest
Rapprochement for AIG and Greenberg; Sullivan nets $47mn pay-off; Marsh receives Qatari licence; Enstar shares fall; Paris Re RISC ratings affirmed; AWAC deal could net Darwin chief $9mn; Ariel Re appoints new chairman
07 July 2008
Capita closes Marsh outsourcing deal
As predicted by The Insurance Insider, Capita Group plc and Marsh UK finalised their 10-year outsourcing deal, worth £187mn, that will see around 600 staff transfer to the outsourcing firm.
07 July 2008
Marsh brings back Bowring in P&C restructure
Marsh is bringing back the Bowring name for a new division to put together its international placement capabilities for property, terrorism and casualty risks.
07 July 2008
ILW prices leap
Pricing and trading in the industry loss warranty (ILW) market has boomed with the start of the US wind season in June.
07 July 2008
Lloyd's M&A continues as outsiders hunt for EC3 platform
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.
07 July 2008
Cat reinsurers lose out to berkshire $4bn florida put
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.
07 July 2008
Q2 cat losses top $6bn
After record first quarter large-risk losses of over $6bn, (re)insurers have been hit with second quarter catastrophe losses of at least $6.25bn, the worst for 20 years, The Insurance Insider has learnt...
07 July 2008
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