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CNA in $250mn 'Unicover' settlement
The legacy of workers' compensation carve-out reinsurance - epitomised by the Unicover pool which collapsed in 1999 - re-emerged when CNA Financial Corporation agreed to pay John Hancock $250mn...
04 October 2007
Munich Re recruits Thomas
Jonathan Thomas, the former underwriter of personal accident (PA) specialist Syndicate 1607, has joined the Munich Re backed Watkins Syndicate.
04 October 2007
Chubb relocates to UK
In a move that carries on the trend of multi-national companies relocating within Europe, US insurer Chubb Corp is to redomicile its European holding company from Brussels to London.
04 October 2007
Bermudians continue to flow to Switzerland
Switzerland is fast becoming the location of choice for companies looking to access the Continental European (re)insurance market.
04 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
Alea in $200mn Max Capital commute
Run-off insurer Alea Group Holdings has received a one-time payment of $203.6mn to "fully and finally" commute all exposures with its Bermudian neighbour Max Capital.
04 October 2007
Ruxley in landmark reinsurance-funded acquisition
Run-off purchaser Ruxley Ventures is expected to outline a pioneering financing technique at a business transfer court hearing this month for the firm’s proposed acquisition of Generali Assurances Generale (GAG).
04 October 2007
Indices key to Trading Risk development
Every time you put a gallon of petrol in your car, it has typically been bought and sold forty times beforehand.
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
Buyout speculation returns to Benfield
When Benfield Group changed its mind in 2003 and floated on the stock exchange in London, rather than New York, its decision was widely applauded.
04 October 2007
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