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Paris Re prepares for IPO
Bermudian reinsurer, Paris Re has appointed underwriters as it prepares an initial public offering (IPO) later this year which could value the firm at $2-3bn, just one year after it was bought out from AXA SA.
11 May 2007
LONDON NEWS DIGEST
Latest developments in the London (re)insurance market
11 May 2007
Ironshore to make US casualty play
Ironshore Insurance Ltd, the $1bn Bermudian insurer formed by father-and-son team Bob and John Clements at the back end of last year, is on the verge of launching a US platform, The Insurance Insider can reveal.
11 May 2007
Arrowpoint setback in asbestos dispute
Former Royal & Sun Alliance (R&SA) US subsidiary, Royal Indemnity, has been ordered to pay defence costs in its increasingly acrimonious asbestos dispute with General Motors (GM).
11 May 2007
Sunshine returns to ILS sector
After a pause caused by events in Florida, the industry is again repackaging its risks onto the capital markets. Indeed, the number of shelf registrations reflects the vibrancy of the ILS market...
11 May 2007
Berkshire Hathaway targets insurance super-deal?
Warren Buffett has signalled his intention to undertake a large acquisition, saying that Berkshire Hathaway Inc (Berkshire) has more cash than investment opportunities.
11 May 2007
RenRe top-line falls
The impact of legislative actions in Florida earlier this year was reflected in the top line shrinking by 18 percent at RenaissanceRe Holdings Ltd as the reinsurer reported first quarter figures.
11 May 2007
US wholesaler linked to Besso
American Wholesale Insurance Group (AmWINS) is in advanced talks to take control of London market broker Besso Group and become the latest US broker to acquire a foothold in London, The Insurance Insider understands.
11 May 2007
Ex-Endurance exec looks to launch Lloyd’s casualty syndicate
Former Endurance Specialty Holdings Ltd executive David Cabral has teamed up with US excess and surplus (E&S) lines insurer Rockhill Holding Company in seeking approval to launch a Lloyd’s casualty syndicate, The Insurance Insider can reveal.
11 May 2007
Montpelier plans Lloyd’s launch
Bermudian reinsurer Montpelier Re is close to unveiling details of a Lloyd’s platform as it looks to broaden its geographic reach, The Insurance Insider can reveal.
11 May 2007
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