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Fox launches new broker Alpha Re
Rod Fox has teamed up with his former EW Blanch colleague Ted Blanch to launch a "private boutique" reinsurance broker to compete on large account business with Benfield, Guy Carpenter and Aon.
10 March 2008
Carvill CEO relocates to Bermuda
John Cavanagh, joint CEO of reinsurance intermediary RK Carvill, has moved to Bermuda in a bid to increase the firm's distribution on the island and further expand into the US market.
10 March 2008
Ironshore makes M&A Heritage breakthrough
Lloyd's insurer looks poised to become the next overseas acquisition with new interest from Bermudian predators
10 March 2008
Aon to step down from Indonesian energy accounts following corruption allegations
Brokers are becoming embroiled in the West’s growing scrutiny over overseas business standards
10 March 2008
Spitzer in prostitution scandal; report
New York state governor and former attorney general Eliot Spitzer has been caught arranging to meet a high-priced prostitute at a Washington hotel last month, according to reports from the New York Times.
10 March 2008
Solvency II to fuel European M&A
The introduction of the European Union (EU) Solvency II directive in 2010 will have little immediate impact on credit ratings of European insurers but many fuel merger and acquisition (M&A) activity, according to a report by Fitch Ratings.
10 March 2008
Aerospace rates falling
Mirroring the aviation sector, an excess of capacity together with low losses are driving premium rates downwards, according to Aon's Aerospace Insurance Market Review.
10 March 2008
Alea boosts US reinsurance reserves
Bermudian-headquartered run-off company Alea Group Holdings' outstanding liabilities now stand at around $1.5bn after a series of major commutations, the company announced in its 2007 results.
10 March 2008
Wellington acquisition adds to Catlin bottom line
Bermuda-headquartered (re)insurer Catlin Group Ltd reported an 8 percent increase in combined earnings to $462mn for 2007, on the back of the integration of acquired London (re)insurer Wellington Underwriting...
10 March 2008
UK drives drop in European run-off liabilities
A significant reduction in the UK's run-off market has driven a EUR2bn decrease across Europe, according to a recent survey.
10 March 2008
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