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Martello launched as Gibraltar PCC insurer
Martello Insurance PCC Limited, a protected cell company, has been launched in Gibraltar aiming to provide the "benefits and advantages of captive insurance, but at a lower cost".
30 April 2007
QBE raises $550mn to finance US acquisitions
Australian insurer QBE Insurance Group has confirmed a privately placed $550mn offering of hybrid notes to institutional investors.
30 April 2007
Reinsurers win key "follow the settlement" dispute
A UK High Court has delivered a landmark decision favouring reinsurers in a dispute concerning "follow the settlement" clauses.
30 April 2007
Swiss Re to be bolstered by £250mn ‘Gherkin’ gain
Swiss Re’s first quarter result will benefit from a capital gain of £250mn following the £600mn sale of its “Gherkin” office building in London, according to analysts.
30 April 2007
ICAP founder to buy RI3K
A consortium including ICAP founder Michael Spencer and hedge fund giant Eton Park Capital Management LLC is set to take a controlling interest in electronic trading platform RI3K, The Insurance Insider can reveal.
30 April 2007
Rutter to join Lockton Intl; Oxygen appoints new director
Keith Rutter, the former Independent Insurance underwriting executive, has left Oxygen Insurance Brokers to return to underwriting.
30 April 2007
AXA pays premium to build UK distribution
The rising price for distribution channels was demonstrated with AXA’s recent acquisition of UK consolidator Smart & Cook Group Ltd.
30 April 2007
Aspen buys $1bn in securitised cat cover
Bermudian reinsurer Aspen Insurance Holdings Ltd returned to the capital markets with two securitisation deals last week that will provide it with over $1bn in hurricane and earthquake cover.
30 April 2007
RMS launches wind index
Cat modelling specialist Risk Management Solutions (RMS) has launched a new parametric index which it says will help draw more emerging capital markets players into the catastrophe risk arena.
30 April 2007
Willis exceeds forecasts despite declining rates
It could prove to be a tough year for brokers but Willis Group Holdings Ltd showed last week that it was still able to grow revenues and profits despite falling rates.
30 April 2007
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