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ICAP-JLT brokers its first cat swap trade
The joint venture platform established by the world's largest interdealer-broker ICAP plc and insurance broker JLT Group plc has brokered its first catastrophe swap trade, for 2008 North American windstorm.
11 December 2007
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).
11 December 2007
Takeover talks boost Kiln shares
Shares in Lloyd’s insurer Kiln Ltd have jumped by 13.5 percent today as the company has emerged as a takeover target.
11 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.
11 December 2007
AM Best makes senior Lloyd’s hire
AM Best has bolstered its London operations with the hiring of Lloyd’s head of capital and broker relationships, Nick Charteris-Black.
11 December 2007
Prism model shows European insurers are strongly capitalised
Nearly half of European insurers have reflected strong AAA capital adequacy scores after assessment by ratings agency Fitch's new stochastic Prism model.
10 December 2007
Q4 sub-prime fallout mounts to $3.75bn at AIG
US giant American International Group revealed Friday (7 December) that the sub-prime fallout and credit crisis has cost it $3.75bn in the fourth quarter to date.
10 December 2007
Talbot maintains capacity for 2008
Talbot Underwriting, which was acquired by Bermudian reinsurer Validus Holdings in July, has said it will maintain its Lloyd’s capacity at £325mn next year.
10 December 2007
Hiscox on course for record year
Bermuda-based Lloyd's (re)insurer Hiscox Ltd has said it is on course for a record result this year in a trading statement released today (10 December).
10 December 2007
S&P downgrades MMC; Marsh blamed
Ratings agency Standard & Poor's (S&P) has lowered its counterparty credit ratings on global financial services firm Marsh & McLennan Cos (MMC) to BBB- from BBB, with a stable outlook.
10 December 2007
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