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Brit closes on RI3K sale
UK insurer prepared to retain minority stake
13 February 2007
Sidecars stalled by Florida actions
Florida might seem an unusual place to embrace socialism, but the state's effective nationalisation of its hurricane cat programme last month has continued to reverberate...
13 February 2007
London News Digest
FSA follows Bermuda in raising fees; Lancashire reassures after Florida actions; Three-year electronic target for London market; Novae sees reduced deterioration on legacy exposures...
13 February 2007
STATUS MONITOR
US property catastrophe - a changing climate; State Farm legal developments; Florida action on reinsurance collateral requirements; National catastrophe programme considered
13 February 2007
R+V wins £14mn judgment against Risk
German reinsurer R+V Versicherung was awarded over £14mn in its long-running dispute with the former Lloyd’s-based managing agency Risk.
13 February 2007
McGill takes Aon Global role
Aon Corp unveiled a significant restructuring of its senior international management last month which saw Steve McGill, the former JLT Group chief executive, become the head of a newly created Aon Global division.
13 February 2007
Six-month delay in PWS probe
The internal probe launched by PWS Holdings over an alleged $1.6mn Costa Rican reinsurance fraud did not start until six months after the country’s authorities had begun investigating the case.
13 February 2007
Run-Off News
R&SA proposed US spin-off receives a thumbs up; Bear Stearns completes Minster acquisition
13 February 2007
Hannover Re to lay off recoverables risk
Hannover Re is poised to enter into a landmark financial transaction that will lay off credit risk on its reinsurance recoverables to the capital markets, a move first revealed by The Insurance Insider in January last year.
13 February 2007
JLT stock rises despite sell status
Numis Securities lowered its earnings forecast on the UK-headquartered broker Jardine Lloyd Thompson Group plc (JLT) earlier this month and reiterated its sell recommendation on the company's stock.
13 February 2007
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