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Flagstone takes major stake in SA reinsurer
"Class of 2005" firm Flagstone Reinsurance Holdings has agreed to take a 65 percent stake in South African company Imperial Reinsurance for an undisclosed amount.
17 March 2008
Allianz takes EUR200mn hit from Emma
German financial services giant Allianz AG's expects to take a pre-tax hit of EUR200mn following European Windstorm Emma.
17 March 2008
RFIB appoints new CFO
(Re)insurance broker RFIB Group Limited has appointed ex-Carvill executive Jonathan Turnbull as group chief financial officer.
17 March 2008
Max gets admitted status with US acquisition
Max Capital has continued the expansion of its US platform with a deal to buy an admitted lines insurance company.
17 March 2008
Berkshire exits White Mountains in $836mn deal
Berkshire Hathaway Inc has exited its 16.3 percent stake in White Mountains Insurance Group Ltd in a deal that sees the Bermudian insurer pay $751mn in cash and transfer two of its run-off units to the investment giant.
17 March 2008
Scottish Re stock suspended by NYSE
Beleaguered life reinsurer Scottish Re had its stock suspended by the New York Stock Exchange (NYSE) last week, and has an application pending with the Securities and Exchange Commission to delist the firm.
17 March 2008
SCOR to join rivals in Brazil
French reinsurer SCOR will join a host of other foreign reinsurers taking advantage of the newly deregulated Brazilian market, according to news reports.
17 March 2008
Harris to succeed Taylor as Montpelier CEO
Montpelier Re Holdings Ltd has appointed Christopher Harris to succeed founding CEO Tony Taylor who is stepping down this summer.
17 March 2008
Gallagher bolsters international property team
Gallagher Global Risks is set to bolster its international property team with the addition of Benfield broker Brian Fuller. Fuller will join Gallagher as director of international property and will be based in London.
17 March 2008
Brit's Rockhampton starts trading
Brit Insurance Holdings plc's Gibraltar based protected cell reinsurer, Rockhampton Insurance PCC Limited, which will provide reinsurance to the UK insurance group, has begun trading.
17 March 2008
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