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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
Heritage admits approach
Heritage Underwriting Agency plc, the specialist Lloyd’s insurer, has admitted receiving an "indicative proposal" but says the "the price contained within the proposal significantly undervalues the company".
06 December 2007
Kamp Re sails into 'uncharted waters' with extension
Loss-hit cat bond Kamp Re 2005 is in "uncharted waters" following the move by the bond’s administrators to extend the original maturity date, according to Zurich Financial Services...
06 December 2007
ILS will continue despite soft market
The industry will continue to securitise (re)insurance risk despite the continuing prospect of falling rates.
06 December 2007
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