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Reinsurers in the dark over Independent losses
Independent Insurance's non-core reinsurers were kept in the dark over the true extent of the company's losses, a UK court was told.
12 July 2007
Gen Re and Arch continue Fac clash
The alleged poaching dispute between Gen Re and Arch took a new turn last month when the temporary restraining order granted against Arch Capital and four former Gen Re executives in May was lifted and replaced...
12 July 2007
Guy Carpenter recruits execs
Guy Carpenter has swooped for Chris Klein, the chairman of rival Benfield Group's counterparty risk unit.
12 July 2007
Leverage is key to Lime Street
Lloyd's unique capital structure which allows double use of assets is its key to producing strong returns for investors, according to a recent study by Professor Tim Congdon.
12 July 2007
AmWINS gears up for acquisitions
US wholesale broker AmWINS Group, Inc has bought marine insurers The American Equity Underwriters, Inc, and refinanced its debt to fund further "strategic acquisitions".
12 July 2007
Record issuance in June amid rush of ILS activity
US insurer State Farm placed what is believed to be the largest ever cat programme...
12 July 2007
839 considers RITC
Defying the old adage that "good years get better, and bad years get worse" is Syndicate 839, the former Trenwick Lloyd's operation which managed to post a £12mn profit last year on its 2001 and prior years.
12 July 2007
CarVal backs Lloyd’s D&H run-off
Capita CMGL is to complete the reinsurance-to-close (RITC) transfer of the run-off Duncanson & Holt Syndicate 55 with capital supplied by CarVal Investors LLC, a fund backed by the agribusiness giant Cargill.
12 July 2007
THB recruits Heath Lambert wholesale team
Lloyd's specialist broker Thompson Heath & Bond (THB) Group has recruited a new wholesale broking team from Heath Lambert Group.
12 July 2007
Benfield and Aon wrangle over broking conventions
It was only recently that a US judge was bemoaning the lack of case law on reinsurance broking commissions and then along comes Benfield Group suing rival Aon Re for $2.4m in damages...
12 July 2007
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