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Ruxley in landmark reinsurance-funded acquisition
Legacy business purchaser Ruxley Ventures is expected to outline a pioneering financing technique at a court hearing this Thursday into whether to sanction the firm's proposed acquisition of Generali Assurances Generale (GAG).
08 October 2007
Benfield exec sells holding; share price dips
Benfield Group’s share price saw some of the recent gloss taken off its share price late last week with news that a key executive had sold his entire holding in the reinsurance specialist.
08 October 2007
Newly launched ILW exchange sees trading begin
Insurance Futures Exchange Services (IFEX), the reinsurance trading platform launched last month by Climate Exchange plc and Deutsche Bank, saw the first trades take place on the exchange last week.
08 October 2007
Lloyd’s US trust fund cash exposed to Mainsail II
Although Lloyd’s expects sub-prime related claims to be a fraction of the liability losses that hit the market as a result of Enron, WorldCom, laddering, and other corporate scandals of the early noughties...
08 October 2007
ABI for action on flood risk
The Association of British Insurers (ABI) has called on the UK government to take action on flood risk following this summer’s events.
08 October 2007
Hampden raises £7.4mn on AIM
Lloyd’s investment vehicle Hampden Underwriting plc (HUP) has closed its subscription offer on the London Stock Exchange’s Alternative Investment Market (AIM) after raising £7.4mn.
08 October 2007
Guy Carpenter continues build-out of new European corporate finance team
Paul Lumbis, the managing director of Guy Carpenter’s new corporate finance unit, is understood to have begun building his team with the appointment of David Coles as Senior Vice President. Coles is currently Amlin’s head of corporate finance and will bec
08 October 2007
Heritage shares continue to climb
Shares in small Lloyd’s insurer, Heritage Underwriting Agency, peaked on the Alternative Investment Market (AIM) at 119p on 5 October, fuelled by strong interim results and vague rumour of takeover interest in the firm.
08 October 2007
London Market needs unified response to Kroes
The London Market has the opportunity to play a key role in responding to the challenges set down in the European Commission's final Report on its sector inquiry into business insurance, according to law firm Berwin Leighton Paisner (BLP).
08 October 2007
AIRROC grows to record size
The US-based Association of Insurance & Reinsurance Run-Off Companies (AIRROC) has been in existence for less than three years but its flagship Commutations event has already become...
08 October 2007
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