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General Re restrains Arch in court order
A temporary restraining order has been issued against Bermudian (re)insurer Arch Capital Group (Arch) over its poaching of a 30-strong property fac team from US rival General Reinsurance Corporation (Gen Re), The Insurance Insider can reveal.
29 May 2007
Paris Re confirms IPO plans
Paris Re, the former reinsurance arm of AXA Re, has confirmed plans to list on the Paris based, European Stock Exchange, Euronext, a year after it was acquired by a consortium of private equity firms.
29 May 2007
Motor and environmental liability laws coming into line across EU
The laws of European Union countries are moving into line as the effect of insurance directives increases, according to a report by reinsurance broker Guy Carpenter and legal firm DLA Piper.
29 May 2007
PartnerRe acquires MCR renewal rights
Bermudian headquartered PartnerRe confirmed last week that it has acquired the international reinsurance renewal rights of Mutuelle Centrale de Reassurance (MCR).
29 May 2007
QBE European casualty team merger
QBE Insurance (Europe) has merged its London casualty operations to create an £850mn premium-income underwriting unit.
29 May 2007
Charman divorce award upheld
Judges in the UK High Court last week upheld the £48mn divorce award to the ex-wife of John Charman, the former Lloyd's deputy chairman and founding president of AXIS Capital.
29 May 2007
FPK merges with Cochran Caronia Waller
Specialist financial services investment bank Fox-Pitt, Kelton (FPK) announced a merger with its peer Cochran Caronia Waller (CCW) last week.
29 May 2007
S&P highlights diversification in updated capital model
Rating agency Standard & Poor's (S&P) has updated its insurance capital model to include an explicit allowance for diversification.
29 May 2007
Lloyd's insurers issue upbeat trading statements
A good year driven by strong margins and a low loss environment were the main themes from trading statements released by four Lloyd's-based insurers last week.
29 May 2007
Insurers settle WTC claims, but disputes grind on
Seven insurers reached a $2bn settlement with World Trade Center (WTC) developer Larry Silverstein last week bringing to an end more than five years of litigation between the parties.
29 May 2007
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