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Validus Re and Greenlight Re confirm IPO plans
Validus Holdings Ltd and Greenlight Capital Re Ltd have become the third and fourth reinsurers formed after Hurricane Katrina to confirm plans for initial public offerings (IPO).
17 January 2007
Lockton International swoops for FINPRO head
Lockton International, the former international operations of insurance broker Alexander Forbes, has swooped for the head of Marsh’s financial and professional lines operations, Neil Nimmo.
04 December 2006
Hannover Re to absorb EUR64mn hail loss
Hannover Re is set to take a EUR64mn ($87mn) net loss from Hailstorm Andreas, which caused significant damage in Germany in late July, the reinsurer said today (17 October)
17 October 2013
Unrealised investment gains mount at continental reinsurance giants
The (re)insurance industry's excess capital position tends to dominate conversations on the rating environment in the sector.
18 March 2013
Aon77 nears final hurdle
Judgment to examine whether excess of loss reinsurers can expect a 'duty of care' from direct insurers The long running Aon77 energy dispute, which has been in court since the end of 2003, is nearing resolution, with legal teams believed to be preparin
01 March 2004
Bermuda consolidation to continue: Wilbur Ross
Bermuda could be set for further M&A activity as billionaire investor Wilbur Ross said he is looking at buying and merging reinsurance companies with market caps of $1bn-$2bn.
23 March 2009
Outdated systems costing market millions
The London Market is missing out on millions of pounds in savings because of its failure to embrace new technology that would speed up business processes. At the ACORD Forum on 20 October, London was described as resistant to change and slow to act...
24 October 2005
Great Mississippi flood could cost $160bn today
A repeat of the 1927 Great Mississippi Flood - the largest flood disaster in US history could cost up to $160nn in economic damages if it happened today, according to catastrophe modelling firm Risk Management Solutions (RMS).
21 May 2007
Allianz has 10 percent share of Madrid crash
Allianz has a 10 percent share of the slip for the Spanair McDonnell Douglas MD-82 that crashed at Madrid airport on Wednesday, claiming 153 lives.
22 August 2008
Heritage looks East for underwriting director
Lloyd’s insurer Heritage Underwriting Agency Ltd has bolstered its underwriting executive with the appointment of the Lloyd’s Japan chief executive James Sardeson.
04 December 2006
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