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Terrorism rates soft, despite climate of fear
Terrorism is still at the top of the agenda for many global business leaders, who cite conflict and instability as issues which stop them from investing overseas.
21 May 2007
Excess capacity predicted for property reinsurance renewals
Reinsurance broker, Aon Re Global (Aon Re) has predicted a slight oversupply of worldwide property reinsurance capacity ahead of the 1 June and 1 July renewal season.
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
RMS withdraws Florida hurricane model
Catastrophe modelling firm Risk Management Solutions (RMS) has withdrawn its short-term, five-year Florida hurricane model after state officials said it did not meet the necessary standards.
21 May 2007
Lockton spreads to Bermuda
Fast growing broker Lockton is launching a Bermudian office as it continues to build its global presence.
21 May 2007
Validus/Talbot deal paves way for M&A
Validus Holdings Ltd agreed terms for its acquisition of Talbot Underwriting Holdings last week, a move that could trigger a wave of mergers and acquisition (M&A) activity between Bermudian (re)insurers and their Lloyd's counterparts.
21 May 2007
Buy-out talk levers Aon shares to year-high
Shares in Aon Corporation were up last week amid rumours the broking giant may be the target for a leveraged buyout as private equity interest in the sector continues to grow.
21 May 2007
Ironshore gets surplus lines approval in Florida
Bermudian start-up Ironshore Insurance Ltd has been granted regulatory approval to write business on a surplus lines basis in Florida, Insider Week can reveal.
21 May 2007
Alea shareholders to vote on increased FIN offer
Shareholders in Alea Group Holdings (Bermuda) Ltd will vote on an increased offer from Fortress Investment Group (FIN) next Monday (21 May) of 96.5p a share as the reinsurer's suitor attempts to fend off a rival bid.
17 May 2007
Swiss Re launches $120mn Japanese typhoon bond
The industry’s thirst for alternative reinsurance capacity continues to grow with the $120mn issue of notes under a $500mn shelf programme providing Swiss Re with retrocession cover for Japanese typhoons.
17 May 2007
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