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Berkshire takes run-off units in White Mountains exit
Berkshire Hathaway Inc has taken on two of White Mountains Insurance Group Ltd’s run-off units as part of the $836mn that divests it of its stake in the insurer.
07 April 2008
Bear Stearns insurer 'not for sale'
Despite reports that run-off unit Minster is up for sale, JP Morgan is unlikely to dispose of the portfolio if its acquisition of Bear Stearns goes ahead, according to an advisor close to the deal.
07 April 2008
Mittal stake as Tawa targets new deals and investors
Tawa plc closed its acquisition of PXRE Reinsurance Company in a deal which saw a surprise $14.4mn investment from a trust owned by billionaire steel magnate Lakshmi Mittal family members.
07 April 2008
Insurers not liable for Bear Stearns settlement
Insurers are not liable for covering any part of an $80mn settlement made by troubled investment bank Bear Stearns over its stock research practices, the New York Court of Appeals has ruled.
07 April 2008
Legal Briefings
Our monthly column keeping a check on recent US and EU legislative and regulatory developments, in association with Sidley Austin LLP
07 April 2008
US insurers facing payout for river clean up
Insurers owned by US giants American International Group (AIG), Chubb and CNA are facing a multi-million dollar bill for cleaning up the Fox River in Wisconsin after a jury ruled in a paper company's favour.
07 April 2008
Munich places Queen Street bond
Munich Re confirmed the launch in March of its second ILS transaction this year, following its extreme mortality cat bond Nathan Re in February.
07 April 2008
Securitisation is industry 'megatrend' says Plumeri
The continued convergence of capital and insurance markets is one of the 'megatrends' facing the insurance industry, according to Joe Plumeri, chairman and CEO of Willis Group Holdings.
07 April 2008
MMC and Willis comply with Spitzer settlement
Marsh & McLennan Cos and Willis Group Holdings Ltd - two of the global brokers who axed contingent commissions in the aftermath of Eliot Spitzer's investigations into the industry - are complying...
07 April 2008
Aspen back to roots with Lloyd's start-up
Aspen Insurance Holdings Ltd became the latest Bermudian to establish a Lloyd’s presence with the launch of start-up Syndicate 4711.
07 April 2008
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