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CEA buys $500mn earthquake cover under new Redwood bond
The California Earthquake Authority (CEA) has once again returned to the capital markets with a $496mn continuation of the Redwood series of cat bonds.
07 January 2008
New recruits for Fillingham and Hope start-up Torus
The proposed insurance company focusing on energy and commercial property lines and backed by ex-Aon Natural Resources London chairman Tim Fillingham and former Navigators UK and Europe CEO David Hope will be called Torus, The Insurance Insider can reveal
07 January 2008
QBE announces $146mn acquisition of North Pointe
Fast growing QBE is to expand its US presence after signing an agreement to acquire North Pointe Holdings Corporation for $146mn.
07 January 2008
Insurance law firms complete merger
Insurance specialists Edwards Angell Palmer & Dodge LLP (EAPD) and London-based Kendall Freeman have completed their merger.
07 January 2008
New reinsurance rules to boost Brazilian growth
The new reinsurance rules introduced in Brazil, which have encouraged Lloyd's to plan an admitted carrier, should boost the region's growth, according to Fitch Ratings.
07 January 2008
Gallagher acquires US MGA
US broker Arthur J Gallagher & Co has acquired AVRECO, a managing general agent and wholesale insurance broker based in Chicago from The Park Group.
07 January 2008
SCOR renews major PI contract with MDU
One of Converium Holding AG's key business partners when it attempted to fend off SCOR SE's early advances in what became a successful takeover has shaken hands with the French reinsurer over a 10-year agreement.
07 January 2008
Renewable energy insurer GCube opens for business
Renewable energy insurer GCube Underwriting Ltd (GCUL) and GCube Underwriting Services Inc (GCUS) has opened for business today (7 January) offering up to $600mn cover per project, for onshore and offshore...
07 January 2008
Island Heritage appoints Garth MacDonald as CEO
Island Heritage Holdings Ltd, the Cayman Islands-based insurer that is controlled by Flagstone Re has appointed Garth Macdonald as CEO.
07 January 2008
Lack of catastrophe losses drives falling rates
The continuing trend for softening rates in the reinsurance market during the 1 January renewals was underpinned by the lack of catastrophe losses last year, according to reinsurance brokers Guy Carpenter & Co and Willis Re.
07 January 2008
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