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  • Bermudian reinsurer, Paris Re has appointed underwriters as it prepares an initial public offering (IPO) later this year which could value the firm at $2-3bn, just one year after it was bought out from AXA SA.
  • Latest developments in the London (re)insurance market
  • Ironshore Insurance Ltd, the $1bn Bermudian insurer formed by father-and-son team Bob and John Clements at the back end of last year, is on the verge of launching a US platform, The Insurance Insider can reveal.
  • Bermudian reinsurer Montpelier Re is close to unveiling details of a Lloyd’s platform as it looks to broaden its geographic reach, The Insurance Insider can reveal.
  • Defunct (re)insurer Alea Group Holdings Ltd revealed last month that it had the support of 55 percent of its shareholders to support a £162mn buy-out bid from the private equity-backed FIN Acquisition Ltd (FIN).
  • Ever since 14 October 2004 – the date New York attorney general Eliot Spitzer stunned the industry with his complaint against MMC - Willis Corp has attempted to distancing itself from the furore over contingent commissions.
  • Munich Re continued the trend for (re)insurers to buy brokers and agents to increase control over distribution with its acquisition of UK intermediary Bell & Clements Group this month.
  • Benfield Group’s expansion into primary lines is continuing to provoke concerns about the reinsurance broker’s prospects.
  • The impact of legislative actions in Florida earlier this year was reflected in the top line shrinking by 18 percent at RenaissanceRe Holdings Ltd as the reinsurer reported first quarter figures.
  • Lloyd’s insurer Managing Agency Partners Ltd (MAP) announced last month that its founder David Shipley would be stepping down from Syndicate 2791 at the end of the year with his colleagues Richard Trubshaw and Aidan Kong becoming the named and deputy unde