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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
ING to sell off Belgian broker
Dutch financial services company ING Group announced last week that it has reached an agreement with P&V Verzekeringen to sell its Belgian Broker and Employee Benefits insurance business for EUR750mn.
02 July 2007
Catastrophe warning as earth gets more hazardous
A proliferation of extreme natural disasters is expected in the next 25 years, resulting in record insured losses and massive loss of life, according to predictions by Professor Bill McGuire...
02 July 2007
Swiss Re's $140mn Fusion bond based on CAT-Mex trigger
Swiss Re is involved as counterparty in the first insurance linked securities transaction to reference an existing cat bond as a trigger with the launch of $140mn Fusion 2007 Ltd.
02 July 2007
Private equity sells stake in Aspen
Private equity investors The Blackstone Group and DLJ Merchant Banking Partners will sell their stakes in Bermudian (re)insurer Aspen Insurance Holdings Ltd in an underwritten public offering.
02 July 2007
Amlin capital management under-valued
Amlin plc remains an attractive investment, despite its shares underperforming the UK non-life sector by 9 percent in the first half of the year, according to Shore Capital's Eamonn Flanagan.
02 July 2007
ABI puts flood cost at £1bn
The Association of British Insurers (ABI) has said the cost of the recent UK floods is expected to reach £1bn, double the £500mn estimated by modeller Risk Management Services (RMS) last week.
02 July 2007
Illium founder quits insurer
Illium Managing Agency Ltd has parted company with active underwriter Denis Burniston, who founded the Lloyd’s liability specialist in 2003 with current chief executive Russell Benzies.
02 July 2007
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