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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
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
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
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
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
Insurers ignore Solvency II at their peril, says S&P
European insurance companies ignore the planned Solvency II regulations at their peril, according to a report by rating agency Standard & Poor's (S&P).
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
AXA securitises another EUR450mn of motor book
AXA has launched a further EUR450mn securitisation of its motor portfolio today, following its innovative EUR200mn FCC Sparc transaction 18 months ago.
04 June 2007
Munich Re leads innovative $110mn CCRIF programme
Munich Re is leading an innovative $110mn reinsurance programme for the World Bank-sponsored Caribbean Catastrophe Risk Insurance Facility (CCRIF), which goes on risk for 16 countries in the region today (1 June).
01 June 2007
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