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Validus leads race to acquire Lloyd’s insurer
The Bermudian (re)insurer Validus Holdings Ltd has emerged as the front-runner to buy the up-for-sale Lloyd’s insurer Talbot Underwriting Holdings, The Insurance Insider understands.
30 April 2007
Bryce ‘flabbergasted’ by S&P downgrade
Bermudian IPCRe followed its shock Standard & Poor’s (S&P) downgrade with a strong set of first quarter results and plans for a $200mn share buyback.
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
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, Insider Week can reveal.
30 April 2007
Aspen buys $1bn in securitised cat cover
Bermudian reinsurer Aspen Insurance Holdings Limited has returned to the capital markets with two securitisation deals that will provide it with over $1bn in hurricane and earthquake cover.
27 April 2007
IXIS finally launches Pentelia with $600mn
It was at least a year in development, but Paris-based IXIS Corporate and Investment Bank has finally launched its new Bermudian reinsurer and its insurance linked securities fund with some $600mn of capital.
27 April 2007
Willis exceeds forecasts despite declining rates
It could prove to be a tough year for brokers but Willis Group Holdings Ltd showed yesterday evening that it was still able to grow revenues and profits despite falling rates.
26 April 2007
Top lines suffer as A J Gallagher and HRH feel softening market
US-based brokers Arthur J Gallagher & Co (AJG) and Hilb Rogal & Hobbs (HRH) disappointed analysts with first quarter profits down on expectations as the top line suffered from the impact of declining insurance rates.
26 April 2007
Haasz resigns from Lloyd’s
Steven Haasz – a key figure in driving market reform at Lloyd’s – has resigned, just days after the Society was upgraded to A+ by Standard & Poor’s citing “unstoppable momentum behind improving London market business processes”.
25 April 2007
ACE outdoes XL on expenses as Bermudians report strong profits
Bermudian giants ACE Ltd and XL Capital reported analyst-beating first quarter profits, but the companies’ performance has met with a mixed response from analysts.
25 April 2007
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