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RenRe launches $375mn Starbound II
RenaissanceRe confirmed the launch of its second Florida-dedicated sidecar today (4 June) after it emerged that the impact of the state’s hurricane catastrophe fund expansion earlier this year may be less severe than first feared.
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
Independent trial underway
The trial of the 'Independent Three' – the former directors of the collapsed UK insurer Independent Insurance – began last week at Southwark Crown Court, London.
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
QBE states intent with closure of $2bn US deals
Fast-growing Australian (re)insurer QBE Insurance Group Ltd closed deals to buy US subsidiaries from Hannover Re and AXA totalling almost $2bn last week.
04 June 2007
Alea acquisition proceeds despite vote rejection
Shareholders in Alea Group Holdings (Bermuda) Ltd failed to support the increased offer from the US private equity firm Fortress Investment Group (FIN) in a vote on 21 May...
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
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
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
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