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ACE reassures over sub-prime exposures
Bermudian giant ACE Ltd has sought to reassure investors over the potential exposure of its investment portfolio to the sub-prime fallout.
19 December 2007
MGA trend continues with JLT Thistle launch
Jardine Lloyd Thompson Group plc (JLT) has hired James Gerry to head up Thistle Underwriters Ltd (TUL), a new operation launched by the UK-listed broker.
18 December 2007
Tax and distribution fuel Hardy’s planned Bermuda redomicile
The UK’s restrictive tax regime as well as proximity to the US market are key reasons for Lloyd’s (re)insurer Hardy Underwriting Group’s decision to redomicile to Bermuda, the company has explained.
18 December 2007
Lloyd's US chief steps down
Wendy Baker has resigned from her post as president of Lloyd's America to pursue other interests.
17 December 2007
House and Senate bills must address crucial TRIA concerns
Critical issues surrounding the extension of the Terrorism Risk Insurance Act (TRIA) due to expire on 31 December need urgent attention if a bill is to be effective, according to a leading risk modelling firm.
17 December 2007
R&Q to IPO this week
UK run-off firm Randall & Quilter Investment Holdings (R&Q) will see trading in its shares begin later this week as it completes its initial public offering (IPO) on London Stock Exchange's Alternative Investment Market (AIM).
17 December 2007
ACE Ltd buys Combined in $2.4bn deal
Aon Corp is selling its US property and casualty arm Combined Insurance Co to ACE Ltd for $2.4bn and has committed to returning all the proceeds to its shareholders.
17 December 2007
Hannover Re on review for upgrade
Ratings agency Moody's Investors Service has placed the financial strength ratings (FSR) and subordinated debt rating on Hannover Re Group subsidiaries on review for possible upgrade.
17 December 2007
Expansive Ironshore appoints new chairman
Ironshore Inc - the Bermudian start-up insurer currently circling the quoted Lloyd's minnow Heritage Underwriting - has appointed the former Lloyd's chief executive Ron Sandler as chairman.
17 December 2007
Catlin launches $225mn Newton Re cat bond
Catlin Group Ltd's Bermudian operating subsidiary has launched a new cat bond, Newton Re, providing $225mn of cover in two tranches for US wind and quake over a three year period.
17 December 2007
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