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Ex-PXRE exec to head Bermudian reinsurance broker
Guy Hengesbaugh, the former chief operating officer of the defunct catastrophe reinsurer PXRE, is to head up Towers Perrin’s Bermudian reinsurance broker.
29 January 2008
AXIS launches US P&C insurer
AXIS Capital has launched a property and casualty (P&C) insurer to write on an admitted basis in the US.
29 January 2008
DE Shaw-backed $250mn start-up gets A- rating
JRG Reinsurance Company has become the latest reinsurer to launch on Bermuda, with $250mn of capital to write working layer reinsurance business for US specialty insurers.
28 January 2008
Marsh appoints new managing director in FINPRO practice
Global broker Marsh has appointed Carrick Lambert as managing director of the Europe, Middle East and Asia (EMEA) financial institutions industry practice.
28 January 2008
THB finalises PWS deal
After stop-start talks, specialist UK broker THB Group plc has finally completed its £8.5mn acquisition of PWS Holdings plc's Lloyd's business and overseas interests.
28 January 2008
(Re)insurance shares recover after turbulent week
(Re)insurance shares recovered from a turbulent last week in the markets clawing back ground by close of trading on Friday (25 January) after falls caused by fears of a US recession.
28 January 2008
The Hartford reports strong Q4 earnings
US insurer The Hartford Financial Services Group has reported core earnings of $840mn, or $2.66 per diluted share, in the fourth quarter of 2007, a 22 percent increase on the same period in 2006.
28 January 2008
Markel sets new earnings record in 2007
Specialty insurance group Markel Corporation has improved on last year's record performance despite seeing its combined ratio rise, it reported in its 2007 results.
28 January 2008
Max considers 2008 acquisitions
In a letter to shareholders Max Re chairman and CEO Marty Becker said the company would be looking to make acquisitions this year as it makes "economic sense" at this time in the reinsurance cycle.
28 January 2008
Assured Guaranty takes $302.9mn derivative loss
In what proved to another brutal week for the monoline insurers, the financial guaranty and credit (re)insurance specialist Assured Guaranty Ltd (AGL) took a $302.9mn after-tax unrealised mark-to-market loss...
28 January 2008
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