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Enstar makes A$585mn Australian run-off acquisition
Listed Bermudian-headquartered legacy firm Enstar Group has acquired AMP Ltd's Australian-based closed (re)insurance operations for A$585mn ($518mn).
17 December 2007
ICAP-JLT in first trade
The joint venture platform established by the world's largest interdealer-broker ICAP plc and insurance intermediary JLT Group plc has brokered its first catastrophe swap trade, for 2008 North American windstorm.
17 December 2007
R&SA upgraded on ERM
Standard & Poor's (S&P) has upgraded the financial strength ratings on the main subsidiaries of the Royal & SunAlliance Group (R&SA) from A- to A.
17 December 2007
RenaissanceRe upgraded to AA- by S&P
Standard & Poor's (S&P) has upgraded ratings on Renaissance Reinsurance Ltd from A+ to AA- as it praised the company's parent for holding onto its competitive position in the property cat market following the departure of senior management in 2005.
17 December 2007
Some risk, but more reward in insurance stock says S&P
Non-life insurance stocks contain some risk, but more reward despite exposure to the sub-prime crisis and the downward pressure on rates, according to Standard & Poor's (S&P) analyst Tony Silverman.
17 December 2007
Marsh to decide on embedded legacy burden solution before year end
Marsh UK is expected to decide before year end on how it will deal with its embedded legacy burden, the broker has confirmed.
17 December 2007
Dandridge to join RFIB
Star underwriter Christine Dandridge is to join (re)insurance broker RFIB Group after nearly 20 years at Lloyd's insurer Atrium Underwriting.
17 December 2007
AFG buys Lloyd's insurer Marketform
US insurance group American Finance Group Inc (AFG) has bought a majority interest in Lloyd's insurer Marketform Group Ltd, The Insurance Insider can reveal.
17 December 2007
Gallagher acquires 'significant' stake in leading Caribbean broker
Arthur J Gallagher & Co (AJG) has acquired a 38.5 percent interest in Jamaican-headquartered intermediary CGM Group (CGM) as part of the US-firm's strategic growth in the region, The Insurance Insider has learnt.
14 December 2007
RenaissanceRe upgraded to AA- by S&P
Standard & Poor’s (S&P) has upgraded ratings on Renaissance Reinsurance Ltd from A+ to AA- as it acknowledged uncertainty that had surrounded the company’s parent over the departure of senior management in 2005 has lifted.
14 December 2007
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