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PE firm hires former Ironshore CEO
Bob Deutsch, the industry veteran and founding CEO of Ironshore Inc, has joined the (re)insurance-focused private equity firm Greenhill Capital Partners as a managing director.
24 February 2010
Platinum slides to $20.4mn Q2 net loss on cats
Second quarter catastrophe losses and deteriorating estimates from events in Q1 have pushed Platinum Underwriters Holdings Ltd to a $20.4mn net loss for the period, taking the reinsurer's deficit for the first half of 2011 to $177.6mn.
20 July 2011
Catlin opens office in China
Bermuda-headquartered Catlin Group has opened an office in Hong Kong, becoming the latest (re)insurer to expand its offering to the growing Chinese market.
10 July 2006
SEC drops charges against Cassano
The US Securities and Exchange Commission (SEC) has dropped its federal probe into Joseph Cassano, the former head of American International Group (AIG)'s blighted London-based Financial Products division (AIGFP).
08 July 2010
Benfield predicts 2006 revenue growth
Reinsurance broker Benfield Group predicted better than expected revenues for 2006 on the back of rising reinsurance rates in 2006 and 2007. In a 12 January trading statement, the broker said that it now expected 2006 turnover to grow by 20 percent...
12 January 2006
Hardy calls halt to merger - but Omega "is continuing its dialogue with Hardy shareholders"
Hardy underwriting has announced the termination of merger talks with fellow Lloyd’s insurer Omega.
01 July 2005
PERILS index finally gains traction
The much-anticipated - and somewhat delayed - European industry-wide loss index draws closer to fruition with the Swiss incorporation of PERILS AG, a firm established to aggregate European windstorm exposure and loss data.
10 March 2009
Marsh’s expanding agency arm makes its largest acquisition
Marsh & McLennan Agency (MMA) has bought US mid-tier independent broker Thomas Rutherfoord for an undisclosed sum, as it continues to build a nationwide business through acquisitions.
23 March 2010
Kiln increases SA focus
Lloyd’s insurer Kiln has acquired a 25 percent stake in South Africa’s International Marine Insurance Managers (International Marine).
24 May 2004
EU directive offers insurance opportunity
Environmental insurers could be set to benefit from the EU’s new environmental liability directive, according to Valerie Fogleman, partner and head of Environment Group at lawyers Barlow Lyde & Gilbert.
01 June 2004
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