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Embattled MBIA reappoints Brown
Joseph Brown has been re-appointed as chairman and CEO at beleagured monoline bond insurer MBIA Corp.
25 February 2008
Benfield also looks at pensions in cost drive
Benfield Group's efficiency drive has extended to the firm's prestigious pension scheme, with the company launching a consultation on reducing its contributions.
06 May 2008
Founder Hope leaves Torus
One of the founders of energy specialist Torus Insurance Holdings, David Hope, has stepped down from his position as chief underwriting officer, The Insurance Insider can reveal.
14 April 2009
Cologne Reinsurance downgraded
Dublin-headquartered Cologne Reinsurance Ltd had its financial strength rating downgraded to A- from A++ by AM Best on 7 November. The ratings agency also downgraded the reinsurers credit rating to a- from aa+ and the firm remains under review with...
14 November 2005
RSA expects £85mn net losses from UK and Italy
RSA will take a net loss from adverse UK weather conditions in June and July to date of roughly £50mn across its UK household, motor and commercial property portfolios
18 July 2012
Tawa in post-IPO PXRE acquisition
Tawa plc, the UK quoted run-off consolidator, has acquired the US firm PXRE Reinsurance Co (PXRE US) from parent Argo Group International Holdings Ltd in a $114mn transaction.
09 November 2007
Ivan still hinders GOM energy production
Figures released by the Minerals Management Service (MMS) have revealed the continuing impact of Hurricane Ivan on Gulf of Mexico oil and gas production.
24 January 2005
Guy Carpenter rebrands and expands investment banking operation
Reinsurance broker Guy Carpenter & Co has announced that it has changed the name of MMC Securities to GC Securities and has expanded its investment banking capabilities in Europe.
22 October 2007
Towergate and KPMG deny reports of debt restructuring
UK insurance intermediary Towergate Partnership has denied reports that it is drafting in KPMG to advise on restructuring its £560mn in loans and debt facilities which it has used to fund an aggressive acquisition strategy.
30 March 2009
American Financial Group to back Lloyd’s insurer
American Financial Group, Inc. (AFG) is to become a significant capital provider to the Lloyd’s insurer Marketform Group Ltd, and its Syndicate 2468 in 2008, The Insurance Insider can reveal.
12 November 2007
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