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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
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
Sportscover Europe appoints CEO
Sports underwiters Sportscover Europe have announced the appointment of Matthew Riley as its CEO, taking over from Chris Nash.
21 May 2007
Bank of America mulls over brokerage sale
Bank of America Corp has said it is considering the sale of its brokerage business, Banc of America Corporate Insurance Agency LLC.
21 May 2007
ACE targets Latin American growth with affinity
Bermudian (re)insurer ACE Limited (ACE) is looking to use its global reach to search for growth in an ever-softening traditional (re)insurance market.
21 May 2007
AIG in $813mn 21st Century deal
US giant American International Group (AIG) announced last week that it has agreed an $813mn takeover deal for 21st Century Insurance Group.
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
White Mountains bucks buyback trend with $250mn share offer
Bermudian (re)insurer White Mountains Re Group Ltd (White Mountains) ploughed its own furrow in the insurance field with an announcement of a $250mn offer of fixed/floating perpetual non-cumulative preference shares.
21 May 2007
Hyperion in £5.5mn rights issue
BP Marsh & Partners plc, the London-based investor in specialist insurance and other financial services, has taken part in a £5.5mn rights issue of Hyperion Insurance Group Limited.
21 May 2007
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