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AWAC buys out founding shareholder AIG
Bermudian (re)insurer Allied World Assurance Company Holdings (AWAC) has repurchased 19.4 percent of its common stock from one of the firm's founding shareholders, American International Group Inc (AIG).
21 December 2007
AIR updates terror model as large-scale threat falls
Catastrophe risk modelling firm AIR Worldwide has released an update to its US terrorism model to reflect a greater focus on small-scale security threats and a more infrequent chance of attack.
24 October 2011
S&P downgrades Hannover Re's UK programme subsidiary
The rating agency S&P last week downgraded International Insurance Company of Hannover Ltd to A+ from AA- on concerns that it is no longer a core subsidiary of Hannover Re.
23 June 2003
Tower falls to $52mn Q4 loss as Sandy takes toll
New York-listed insurer Tower Group reported a net loss of $52.1mn in the fourth quarter as a Sandy loss of $123mn took its toll
26 February 2013
Aon settles for $190mn as regulators air allegations
As predicted in the February edition of The Insurance Insider, Aon Corp struck a nationwide agreement with US regulators to settle the bid-rigging, kickback and steering investigations into the broking giant. The broker followed its rival MMC in estab
17 March 2005
Novae continues run-off talks
Lloyd's insurer Novae Group is continuing to explore options to shed its US legacy liabilities despite recently ending exclusive talks with Bermudian run-off firm Enstar, The Insurance Insider understands.
26 April 2010
Alterra hires Sharebridge’s Worman to lead US unit
Alterra Managers, a US unit of Bermudian (re)insurer Alterra Capital, has hired Sharebridge Underwriting's Doug Worman.
02 June 2010
Retro loss warranty buyers face post Katrina price hike
As the reinsurance industry converged on Monte Carlo for the annual reinsurance Rendez-Vous last week, conversations seldom strayed far from Hurricane Katrina. But amidst the champagne and conjecture, there was a general consensus that rates would...
19 September 2005
Xchanging sets up new SE Asian HQ
Processing giant Xchanging has relocated its Singapore business to a new centre that will serve as its South East Asia headquarters.
27 July 2010
Catlin launches FSA authorised operation
London-listed Bermuda-headquartered (re)insurer Catlin has widened its options in Europe by launching an FSA authorised operation Catlin Insurance Company (UK) Ltd (Catlin UK).
29 March 2005
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