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General Re restrains Arch in court order
A temporary restraining order has been issued against Bermudian (re)insurer Arch Capital Group (Arch) over its poaching of a 30-strong property fac team from US rival General Reinsurance Corporation (Gen Re), The Insurance Insider can reveal.
29 May 2007
Private equity eyes Towergate
The UK’s largest privately-owned insurance group, Towergate Partnership (Towergate) is once again courting interest from private equity investors.
29 May 2007
S&P highlights diversification in updated capital model
Rating agency Standard & Poor’s (S&P) has updated its insurance capital model to include an explicit allowance for diversification.
25 May 2007
Insurers settle WTC claims, but disputes grind on
Seven insurers have reached a $2bn settlement with World Trade Center developer Larry Silverstein bringing to an end more than five years of litigation between the parties.
24 May 2007
Ironshore confirms Florida approval
Bermudian start-up Ironshore Insurance Ltd has confirmed its approval to write property, property catastrophe and casualty insurance on an excess and surplus basis in Florida, as first revealed by Insider Week on Monday (21 May).
24 May 2007
Arch served restraining order over Gen Re fac hires
A temporary restraining order has been issued against Bermudian (re)insurer Arch Capital Group (Arch) over its poaching of a 30-strong property fac team from US rival General Reinsurance Corporation (Gen Re), The Insurance Insider can reveal.
24 May 2007
Ironshore confirms US casualty facility
Ironshore Inc has confirmed its entry into the professional liability sector with a US platform, a move predicted by The Insurance Insider earlier this month.
22 May 2007
Great Mississippi flood could cost $160bn today
A repeat of the 1927 Great Mississippi Flood - the largest flood disaster in US history could cost up to $160nn in economic damages if it happened today, according to catastrophe modelling firm Risk Management Solutions (RMS).
21 May 2007
R&SA appoints broker MD
UK general insurer Royal & Sun Alliance (R&SA) has appointed Paul Donaldson as managing director of its broker division following the departure of Brendon McManus to Willis.
21 May 2007
Zurich profits rise 71 percent
European giant Zurich Financial Services reported a 71 percent rise in its first quarter income, up to $1.39bn from $810mn in the prior-year period.
21 May 2007
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