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ACE targets Latin American growth with affinity
Bermudian (re)insurer ACE Limited (ACE) is looking to use its global reach to search for growth in an ever-softening traditional (re)insurance market.
21 May 2007
Sportscover Europe appoints CEO
Sports underwiters Sportscover Europe have announced the appointment of Matthew Riley as its CEO, taking over from Chris Nash.
21 May 2007
AIG in $813mn 21st Century deal
US giant American International Group (AIG) announced last week that it has agreed an $813mn takeover deal for 21st Century Insurance Group.
21 May 2007
ACE makes $9mn settlement in Pennsylvania
Bermudian giant ACE Ltd has made a $9mn settlement in Pennsylvania over its underwriting practices and contingent commissions.
21 May 2007
White Mountains bucks buyback trend with $250mn share offer
Bermudian (re)insurer White Mountains Re Group Ltd (White Mountains) ploughed its own furrow in the insurance field with an announcement of a $250mn offer of fixed/floating perpetual non-cumulative preference shares.
21 May 2007
Alea shareholders vote on increased FIN offer
Shareholders in Alea Group Holdings (Bermuda) Ltd were due to vote on an increased offer from Fortress Investment Group (FIN) today (21 May) of 96.5p a share as the reinsurer's suitor attempts to fend off a rival bid.
21 May 2007
Terrorism rates soft, despite climate of fear
Terrorism is still at the top of the agenda for many global business leaders, who cite conflict and instability as issues which stop them from investing overseas.
21 May 2007
Swiss Re launches $120mn Japanese typhoon bond
The industry's thirst for alternative reinsurance capacity continues to grow with the issue of $120mn notes under a $500mn shelf programme providing Swiss Re with retrocession cover for Japanese typhoons.
21 May 2007
RMS withdraws Florida hurricane model
Catastrophe modelling firm Risk Management Solutions (RMS) has withdrawn its short-term, five-year Florida hurricane model after state officials said it did not meet the necessary standards.
21 May 2007
Marsh swoops for Aon professional risks team
Marsh Ltd has successfully prised the Scottish Professional Risks from its rival Aon Ltd.
21 May 2007
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