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COBRA plans AIM float
UK broker COBRA Holdings has announced its intention to seek admission to the AIM stock exchange with a planned £10mn float.
11 June 2007
BP Marsh grows 15 percent
BP Marsh & Partners plc, the London-based investor in specialist insurance and other financial services, has revealed a 15.4 percent growth in its net asset value last year.
11 June 2007
NAIC to revamp reinsurance regulation before reducing collateral charges
The National Association of Insurance Commissioners said that it will step up its efforts to overhaul reinsurance regulation in the US before addressing the collateral charges faced by alien reinsurers.
11 June 2007
Krall to leave Converium
Converium Holdings has announced that its chief risk officer, Markus Krall, will leave at the end of June citing personal reasons.
11 June 2007
R&SA goes east with joint venture
Royal & Sun Alliance Insurance Group plc (R&SA) has entered into an agreement to acquire 50 percent of a company giving it access the fast growing Eastern European and Russian insurance markets.
11 June 2007
Validus pays $382.2mn for Lloyd's insurer
Bermudian (re)insurer Validus Holdings Ltd has increased the size of its pending initial public offering (IPO) to $350mn following its $382.2mn acquisition of Lloyd's based Talbot Underwriting Holdings.
11 June 2007
Liberty Mutual continues hurricane securitisations
US (re)insurer Liberty Mutual has continued its series of hurricane linked cat bonds with the launch of the $150mn Mystic Re II.
11 June 2007
Aviation rates continue double-digit decline
Airline rates witnessed double-digit falls for the eight consecutive month, with lead hull and liability premiums down an average of 18 percent during May, according to a report by Aon.
11 June 2007
Paris Re gets A- rating from S&P
Two subsidiaries of Paris Re, the former reinsurance arm of AXA Re, have been assigned an initial rating of A- by Standard & Poor's (S&P).
11 June 2007
US court supports broker in XL commissions dispute
The long-running commissions dispute which saw RK Carvill sue its former client XL Capital and a number of reinsurers was settled at the end of last month when a US court ruled in favour of the reinsurance broker.
11 June 2007
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