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AXA agrees EUR1.75bn Dutch sale
AXA has agreed to sell its Dutch insurance operations to SNS Reaal for EUR1.75bn, the French giant announced this morning (4 June).
04 June 2007
Axiom axes Wooding
Insurance outsourcing firm Axiom Consulting has parted company with its CEO Vince Wooding, Insider Week can reveal.
04 June 2007
Omega 'extremely pleased' with 2007 trading
Bermuda-based (re)insurer Omega Insurance Holdings said it is "extremely pleased" with trading so far this year in a statement following its AGM.
04 June 2007
Greenlight raises $258mn in IPO
Cayman Island-based Greenlight Capital Re Ltd raised around $258mn through the completion of its initial public offering (IPO) and a private placement, it revealed last week.
04 June 2007
RIMS calls for mandatory disclosure on commissions
Trade body Risk Management Insurance Society (RIMS) has called for mandatory disclosure of all broker remuneration in response to what it sees as broken promises from brokers on the acceptance of placement fees.
04 June 2007
Mitrovic joins Flood at Ironshore liability venture
Ironshore Inc has confirmed the appointment of Mike Mitrovic to head up claims at its new professional liability US-based subsidiary IronPro, a move first revealed in the May issue of The Insurance Insider.
04 June 2007
Insurance team joins Sidley Austin
A team specialising in insurance transactions has joined law firm Sidley Austin’s global Insurance Practice in the New York.
04 June 2007
Positive outlook for AXIS
Rating agency Standard & Poor’s (S&P) raised the outlook Bermudian reinsurer AXIS Capital Holdings to positive from stable last week.
04 June 2007
FSA publishes regulatory fees
The Financial Services Authority (FSA) has published its final fees and Financial Ombudsman Service levies for UK regulated firms for 2007 and 2008.
04 June 2007
Scottish Re bounces back with ratings upgrade
Bermuda-based life reinsurance specialist Scottish Re Group is continuing its resurgence after gaining a financial strength upgrade from Fitch Ratings last week.
04 June 2007
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