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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
Mapfre in $2.2bn US auto acquisition
The acquisitive Spanish insurer Mapfre acquired US car insurer Commerce in a $2.2bn+ deal last week.
09 June 2008
RMS launches hurricane loss index
Risk modelling firm Risk Management Solutions (RMS) has launched its second natural catastrophe index under the Paradex banner, that it says will lead to earlier loss settlement.
09 June 2008
Seaton and Stonewall drop jurisdiction objections
The dispute between Randall & Quilter (R&Q) affiliate Cavell USA and private equity owned run-off insurers Seaton Insurance Co and Stonewall Insurance Co is set for an airing in the English courts this autumn.
09 June 2008
Energy start-up Torus to secure First Reserve backing
Energy and property start-up Torus Insurance is set for a 1 July launch after securing backing from First Reserve Corporation, The Insurance Insider revealed last week.
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
AIG investigated over credit default swap valuation
American International Group Inc (AIG) is being investigated by the Securities and Exchange Commission (SEC) over its valuation of contracts linked to sub-prime mortgages, according to reports.
06 June 2008
Capita chairman McArthur to join R&Q
Run-off veteran Jerry McArthur will join Randall & Quilter Investment Holdings Plc (R&Q) as CEO USA and Bermuda after stepping down as chairman of Capita Commercial Insurance Services (CCIS).
06 June 2008
Bessis to join Marsh energy practice
Well-known energy broker Guy Bessis is moving to Marsh Ltd less than eight months after joining (re)insurance intermediary Integro, The Insurance Insider understands.
05 June 2008
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