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Lloyd's start-ups add £790mn to 2008 capacity
With Lloyd's global capacity thought to see a moderate fall at the start of 2008, new start-ups have played a significant part in offsetting de-emptions by some of the market’s larger players.
14 January 2008
Further capital repatriation likely in 2008
As well as cutting 2008 capacity on Lloyd's syndicates, a number of the market's listed insurers have already begun to hand capital back to shareholders - a pattern likely to continue this year...
14 January 2008
Lloyd's offers potential for capital returns boost
Alongside access to international risks, and the Society's A+ Standard & Poor's (S&P) rating, the lower capital requirements of operating at Lloyd's are one of its key attractions to new entrants and acquirers of existing businesses.
14 January 2008
CV Starr and First Reserve launch Lloyd's energy start-up syndicate
US insurer CV Starr & Co Inc has launched a Lloyd's energy syndicate with £30mn 2008 capacity in partnership with private equity firm First Reserve Corporation.
14 January 2008
Peltz makes presence felt
Cherkasky departure linked to activist; break-up pressures grow (again)
14 January 2008
Dewey & LeBeouf opens Dubai office
Recently merged New York law firm Dewey & LeBoeuf LLP has opened an office in Dubai, with a primary focus on corporate finance.
14 January 2008
Trading Risk launches
Trading Risk, the new publication from the publishers of The Insurance Insider and Insider Week, launches tomorrow (15 January).
14 January 2008
Alea to book $8.8mn hit following major commutation
Run-off (re)insurer Alea Group Holdings has agreed to "fully and finally" commute all exposures under an excess-of-loss reinsurance treaty which will see the firm record a net loss of around $8.8mn in the 2007 fourth quarter.
14 January 2008
Former Gen Re executive lifts lid on finite transaction
Former General Re senior vice president Richard Napier has lifted the lid on the allegedly sham finite reinsurance deal with American International Group.
14 January 2008
Glencairn parts with managing director
Angus Simpson has resigned as managing director of London market broker Glencairn Ltd after 10 years at the firm.
14 January 2008
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