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R&Q forms Bermudian reinsurer
Recently listed UK run-off firm Randall & Quilter Investment Holdings (R&Q) has received approval to establish a Bermudian reinsurer, R&Q Re (Bermuda) Ltd, The Insurance Insider can reveal.
11 January 2008
Alea commutes further reinsurance exposures
Run-off (re)insurer Alea Group Holdings has reached agreement to “fully and finally” commute all exposure under an excess-of-loss reinsurance treaty.
11 January 2008
BMS parts company with CEO
BMS, the independent London market broker, has confirmed the resignation of its chief executive, John Spencer.
11 January 2008
Marsh in £200mn UK back-office outsourcing deal
Capita Group plc has won the £200mn contract to run Marsh UK’s back office in a deal which will see 650 of the broker’s staff move to the outsourcing firm.
11 January 2008
ILW exchange sees volumes grow
Derivatives platform Insurance Futures Exchange Services (IFEX) which began trading in US catastrophe risks as futures contracts in September, now has cumulative trading volumes totalling more than $31mn...
10 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.
09 January 2008
Asbestos liability (re)insurer St George Re in Bermuda launch
Bermudian corporate asbestos liability risk reinsurer St George Re is set to begin trading offering US companies protection against asbestos claims, the company confirmed today (9 January).
09 January 2008
New recruits for Fillingham and Hope start-up Torus
The proposed insurance company focusing on energy and commercial property lines and backed by ex-Aon Natural Resources London chairman Tim Fillingham and former Navigators UK and Europe CEO David Hope will be called Torus, The Insurance Insider can reveal
07 January 2008
White Mountains cancels sidecars
Bermudian reinsurer White Mountains Re has cancelled its quota share arrangement with Helicon Re and Olympus Re for the 2008 year as a result of the softening property cat market.
07 January 2008
Insurance law firms complete merger
Insurance specialists Edwards Angell Palmer & Dodge LLP (EAPD) and London-based Kendall Freeman have completed their merger.
07 January 2008
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