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Randall & Quilter confirms £70mn IPO
UK run-off firm Randall & Quilter Investment Holdings (R&Q) is looking to raise around £20mn when it lists on the London Stock Exchange's Alternative Investment Market (AIM) later this month.
10 December 2007
FSA transparency concerns spark fresh broker commission investigation
The UK Financial Services Authority (FSA) is to further investigate inefficiencies in the commercial general insurance market before deciding on whether to mandate commission disclosure.
10 December 2007
Aspen upgraded by AM Best
Bermudian insurer Aspen Insurance Ltd (AIL) has had its financial strength rating upgraded to A (Excellent) from A- (Excellent) by AM Best.
07 December 2007
US windstorm rates leap on futures market
Closing prices for 2008 US cat windstorm losses leapt nearly six percent yesterday on the derivatives platform Insurance Futures Exchange Services (IFEX) signalling that traders think there is a greater chance of a major windstorm loss next year.
07 December 2007
Randall & Quilter to IPO on AIM
UK run-off firm Randall & Quilter Investment Holdings (R&Q) is poised to float on the London Stock Exchange’s Alternative Investment Market (AIM), The Insurance Insider can reveal.
07 December 2007
Activist investor takes 3 percent stake in Munich Re
Cevian Capital, the activist investment fund backed by Carl Icahn, has taken a 3 percent stake in Munich Re.
07 December 2007
ICAP and JLT launch brokerage
The world's largest interbroker-dealer ICAP plc and insurance broker JLT Group plc have launched their joint venture to establish an insurance based derivatives and securities broking platform, subject to FSA approval.
06 December 2007
Sphere Drake Scheme sanctioned
The proposed Scheme of Arrangement for Sphere Drake, part of the WFUM pool, was sanctioned in the UK High Court on 6 November.
06 December 2007
Ironshore bid to renew interest in Lloyd's insurers - Numis
Ironshore Inc's approach for Lloyd's insurer Heritage Underwriting Agency will renew the interest of other Bermudian firms looking to buy their way into Lime Street, according to Numis Securities analyst Nick Johnson.
06 December 2007
Legal Briefings
Our monthly column keeping a check recent US and EU legal and regulatory developments, in association with Sidley Austin LLP
06 December 2007
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