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Lightyear backs £135mn start-up Antares syndicate
Chaucer Holdings plc has continued its track record of launching turnkey Lloyd’s operations with the £135mn private equity-backed Antares Syndicate 1274 – to take on the London market portfolio of WürttUK...
08 October 2007
Lloyd’s US trust fund cash exposed to Mainsail II
It has emerged that Lloyd’s insurers face potential losses from the investment of US trust fund cash in Mainsail II, a structured investment vehicle (SIV) hit by the credit crunch.
08 October 2007
Securitisations - not a dirty word for ILS market
Despite asset-backed securities remaining persona non-grata in the financial markets after the sub-prime crisis, the emerging insurance-linked securities (ILS) sector should shrug off the current woes...
04 October 2007
Tawa interims 'on track' after IPO
Newly-listed Tawa plc said its first set of results since its initial public offering (IPO) on London's Alternative Investment Market were "on track".
04 October 2007
International News Digest
EU hints on intervention; Bermuda’s Maiden reinsurer poised for $500mn+ IPO; Court dismisses major US RICO suit; AmWINS withdraws IPO; Ariel Re buys US admitted carrier...
04 October 2007
Indemnity triggers now half of all ILS transactions
Indemnity style triggers have become an established feature of insurance-linked securities (ILS) and the trend is likely to continue, predicted the president of Aon's capital markets division, Paul Schultz.
04 October 2007
New ILW futures platform will crush transaction costs, predicts founder
The trading of Industry Loss Warranties (ILW) has gained real momentum in the two years since hurricanes Katrina, Rita and Wilma, but critics say its development has been hampered by the high frictional costs...
04 October 2007
End of season sale as M&A fever continues
As the official 2007 Atlantic hurricane season enters its final two months, speculation continues to mount over potential M&A activity, with players in the Bermudian (re)insurance market at its centre.
04 October 2007
Capacity scarce at Lloyd's auctions
With the majority of Lloyd's insurers set to cut back business for 2008, capacity scarcity was the overriding theme of September's auctions.
04 October 2007
Pipeline profits fuel Lloyd's insurers
It was a familiar story from the remainder of Lloyd's insurers publishing interim figures in September.
04 October 2007
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