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SCOR denies wrongdoing in Converium bid
Strong results prove SCOR bid undervalued, says Swiss rival
23 April 2007
S&P upgrades Lloyd’s to A+
Standard & Poor’s (S&P) has upgraded Lloyd’s financial strength rating to A+ following the Equitas deal with Berkshire Hathaway which sees the three-hundred-year-old market put its legacy fears behind it.
23 April 2007
Scottish Re to complete rescue deal
Bermuda-based life reinsurance specialist Scottish Re Group hopes to complete its $600mn rescue deal with two private equity firms within the next four weeks.
23 April 2007
Glencairn takes Park portfolio
Glencairn Ltd, the Lloyd’s broker taken over by US firm Hilb Rogal & Hobbs Company Ltd (HRH) last December, has expanded by taking on the majority of Park London’s insurance and reinsurance business.
23 April 2007
QBE Limit expands aviation team
QBE Limit has expanded its aviation team hiring Tony Ambrose as an underwriter for Syndicate 5555's Products and Airports team.
23 April 2007
Acquisitions ‘less risky’ than organic growth in soft market
Acquisitions of rival (re)insurers are potentially less risky than organic growth in a softening market, according to Nick Johnson, senior insurance analyst at Numis Securities.
23 April 2007
Tokio Marine benefits from Japanese Sovereign upgrade
Japan’s improving economy has sparked an upgrade in the financial strength and debt ratings of Tokio Marine & Nichido Fire Insurance Co Ltd from AA- to AA.
23 April 2007
AXA close to second motor securitisation
AXA is set to securitise a further portion of its motor portfolio some 18 months after its landmark FCC Sparc transaction.
23 April 2007
Aspen swoops for Catlin deputy
Catlin Group underwriter Matthew Yeldham has become the latest ex-Wellington Underwriting employee to leave the group after it was confirmed he would be joining Bermudian firm Aspen Insurance Holdings Limited as its head of International Insurance.
23 April 2007
Shipley steps down at MAP
David Shipley, one of Lloyd’s leading underwriters, has stepped down from the syndicate he founded in 2000.
23 April 2007
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