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Lockton forms new facultative team
(Re)insurance broker Lockton has continued the increasingly popular trend for building fac reinsurance business after launching a property division dedicated to the sector.
10 December 2007
BMS moves for Cooper Gay treaty team
BMS have captured an agricultural treaty team from rival firm Cooper Gay Intermediaries.
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
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.
10 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.
10 December 2007
Benfield shares slide after profits warning
Shares in reinsurance intermediary Benfield Group fell 8 percent to 279p this morning following a profits warning, despite committing to an advanced capital repatriation strategy, before recovering by late afternoon to 298.5p.
10 December 2007
US windstorm rates leap on futures market
Closing prices for 2008 US cat windstorm losses leapt nearly 6 percent last Thursday on the derivatives platform Insurance Futures Exchange Services (IFEX) signalling traders think there is a greater chance of a major windstorm loss next year.
10 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
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
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