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Greenlight stock leaps 21 percent following IPO
Shares in Greenlight Capital Re leapt 21 percent after its debut on the Nasdaq electronic exchange trading exchange last week.
29 May 2007
Ark launches terrorism, war and political risk
Lloyd’s start-up Ark Syndicate Management has launched its terrorism, war and political risk business with former Wellington underwriter Simon Low at the helm.
29 May 2007
Heritage to add international treaty team
Lloyd's insurer Heritage Underwriting Agency plc is to add an international treaty team later this year headed by former Ascot underwriter James Braddock.
29 May 2007
Ironshore opens US casualty platform
Ironshore Inc has made its entry into the professional liability sector with an onshore US platform, a move predicted by The Insurance Insider earlier this month.
29 May 2007
Trial of 'Independent Three' finally reaches court
The long-awaited trial of the ‘Independent Three’ – the former directors of the collapsed UK insurer Independent Insurance - is set to start tomorrow (30 May) at Southwark Crown Court, London.
29 May 2007
SCOR Converium deal held up again by Swiss regulator
Despite winning the support of Converium’s board with an increased bid, SCOR’s attempts to buy its rival have been further frustrated by the Swiss Takeover Board (STB).
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
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
Sullivan praises European regulation
The global insurance industry is facing emerging risks, providing unparalleled opportunities for new product development, yet it needs support from the regulatory system in order to operate in a stable environment...
29 May 2007
Energy market to soften further, Willis
Increased capacity and a low loss record are combining to soften the energy market and prices will fall "a good deal further" in the absence of catastrophe losses, according to a report published by Willis Group Holdings last week.
29 May 2007
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