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RenaissanceRe under ratings watch
AM Best has placed Bermudian reinsurer RenaissanceRe and its subsidiaries under review with negative implications for financial strength and debt ratings. The rating review follows the company’s receipt of a Wells Notice from the Securities and...
03 October 2005
AIG receives delayed first tranche of $4.8bn ILFC sale
American International Group (AIG)'s up-to-$4.8bn sale of its plane-leasing business appears back on track after it finally received the delayed 10 percent deposit from a Chinese buying consortium
06 June 2013
Microinsurance fund reaches $137mn
Dedicated microinsurance fund LeapFrog Investments has received a further $25mn to bring its total funds under management to $137mn.
10 May 2010
Stone Point forms wholesaler
Stone Point Capital, the former private equity arm of MMC, formed a new wholesale broker last month which is designed to capitalise on the changing dynamics of the broking model. Mercator Risk Sevices will provide wholesale and specialty services...
16 February 2006
Tornado cat bond losses rise
S&P downgraded the Mariah Re 2010-1 tornado bond by one notch to CCC with a negative outlook after covered losses rose to $790mn.
10 October 2011
Alleghany books Q4 net deficit of $92.6mn on trimmed Sandy loss
Alleghany Corporation fell to a fourth quarter net loss of $92.6mn, compared to prior-period net profits of $37.7mn, as the bottom line of its insurance and reinsurance businesses was hit by Superstorm Sandy.
22 February 2013
Ivan's fury fuels energy renewals
There is increasing evidence that energy renewals have been hard hit by Hurricane Ivan, the Category 5 hurricane that ripped through the Caribbean and Florida in September 2004.
01 January 2005
MMC Duperreault hire dilutes Willis bid talk
The arrival of Brian Duperreault at the helm of Marsh & McLennan Cos (MMC) has reduced the likelihood of an imminent takeover bid by Willis Group Holdings, reflected in the rising share price at the smaller broker following the news.
30 January 2008
Emerging markets boost Vienna
Premium growth in the emerging markets of Eastern Europe saw Vienna Insurance Group post a 34 percent increase to EUR288mn in its first half profits.
22 August 2008
Byrne cashes out $24mn share in Flagstone Re
Flagstone Re founder Mark Byrne, who stepped down as executive chairman of the Bermudian earlier this week, will receive a $2.2mn cash "goodbye" and has already cashed in $24mn worth of his original investment in the (re)insurer.
27 May 2010
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