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JLT Park exec resigns to head Price Forbes Bermuda
UK-based wholesale broker Price Forbes & Partners has poached Mark Simons from JLT Park to head up its new Bermuda operation.
09 June 2008
RBS shareholders back £12bn capital raise; ZFS interest mellowing after job cuts?
The Royal Bank of Scotland (RBS) received some positive news after the bank revealed over 95 percent of shareholders had subscribed to its £12bn rights issue.
09 June 2008
Holt returns to Amlin
Amlin Plc's star head of underwriting, Tony Holt has resumed work at the Lloyd's insurer following a temporary leave of absence for medical treatment, the group has announced.
09 June 2008
Willis throws down M&A gauntlet with $2.1bn HRH deal
Willis' proposed $2.1bn acquisition of US retailer Hilb Rogal & Hobbs is the largest insurance broker M&A deal for a decade and, with margins under threat from the weak market conditions, may be seized upon as evidence that the sector is about to...
09 June 2008
NY A-G agrees new rating agency fee model
New York attorney general Andrew Cuomo has reached an agreement with three major rating agencies that promises to overhaul the way they collect fees and to improve their process for rating mortgage-backed securities.
09 June 2008
Management reshuffle at PartnerRe
Bermudian reinsurer PartnerRe has announced a number of senior management changes in its global (non-US) operations.
09 June 2008
Former Equitas chief takes Atrium role
Ariel Re's Lloyd's insurer Atrium has appointed Scott Moser - one of the architects of the Equitas transaction with Berkshire Hathaway - as a non-executive director.
09 June 2008
Brit handed 'negative' outlook; rating affirmed
Brit Insurance Ltd (BIL) has received a "negative" outlook on its insurance financial strength (IFS) rating by Fitch Ratings, following concerns over its regional UK expansion.
09 June 2008
Greenberg to see AIG documents
American International Group (AIG) has been ordered to give its former CEO and chairman, Maurice “Hank” Greenberg, access to company documents by the New York Court of Appeals.
09 June 2008
Glacier confirms $180mn Nelson Re 2008-I
Swiss reinsurer Glacier Re has successfully launched its $180mn Nelson Re 2008-I bond, a move predicted by Trading Risk last month.
09 June 2008
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