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Hannover Re strengthens Bahrain presence
Hannover Re is to open a branch office in Bahrain to support the (re)takaful business it opened in the kingdom last year.
09 July 2007
Marsh advises on risk transfer approach
Companies who think more astutely about managing their risk exposures will reduce the volatility in the cost of financing risk, according to a report by broker Marsh.
09 July 2007
Amlin extends distribution with Allied Cedar acquisition
Lloyd’s listed company Amlin plc became the latest insurer to obtain greater control of its distribution networks when it acquired the underwriting agency Allied Cedar Insurance Group last week.
09 July 2007
Motor rates boost as Highway builds Hero
UK motor insurer Highway Insurance Holdings plc said last week that its broking subsidiary has agreed to spend ÂŁ2mn on a book of 32,000 private car policies from Budget Group-owned intermediary Local Broker.
09 July 2007
Validus to raise over $300mn in IPO
Bermudian (re)insurer Validus Holdings said last week it expects to raise around $311mn in net proceeds assuming an offer price of $25 in its forthcoming initial public offering (IPO).
09 July 2007
Kiln to cut 2008 capacity by 14 percent
Lloyd’s insurer Kiln plc has revealed its intention to drop the capacity of its four syndicates by 14 percent to £847mn next year in the face of the cycle downturn.
06 July 2007
Ascot forms renewable energy platform
Lloyd’s insurer Ascot Underwriting has established a renewable energy operation, Renewco Underwriting, it announced today.
04 July 2007
Retentions hits reinsurers at mid-year renewals
Rates continue to fall at the 1 July reinsurance renewal season, as insurers add to the pain of increased competition by electing to retain more, according to Wills Re’s reinsurance renewal review published today.
04 July 2007
Lloyd’s insurer sold to Caribbean group
Gerling at Lloyd’s has been sold by its German parent to Caribbean financial services group Sagicor.
03 July 2007
Heritage to grow international liability with Aaron hire
AIM-listed Lloyd's insurer Heritage Underwriting Agency plc has bolstered its ranks with the hire of international general liability underwriter Mark Aaron from ACE.
02 July 2007
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