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Barrette replaces White Mountains execs
Bermudian (re)insurer White Mountains Insurance Group announced today (22 January) that Ray Barrette has taken over from Steve Fass as CEO and Jack Byrne as chairman.
22 January 2007
US cat losses down to $9bn last year
Insured US catastrophe losses were down to $9bn last year, according to figures published by ISO’s Property Claim Services (PCS) on 16 January.
22 January 2007
Glaser elected SVP at AIG
The board of US giant American International Group (AIG) has elected Dan Glaser as senior vice president, Foreign General Insurance.
22 January 2007
Goldman Sachs acquires USI
The acquisitive broker USI Holdings Corp has itself succumbed to a take-out offer after agreeing terms with the private equity arm of Goldman Sachs & Co last week.
22 January 2007
AIR estimates $5-10bn in European storm losses
Catastrophe risk modelling firm AIR Worldwide has estimated insured losses from windstorm Kyrill will be $5.2-10.4bn.
22 January 2007
Hannover Re boosts 'K5' sidecar
Hannover Re has re-visited the capital markets in order to boost its Kaith Re "K5" securitisation to $520mn and expand its underwriting capacity.
22 January 2007
Windsor MBO proposed at £33.7mn
Senior management at Windsor plc, the UK-quoted insurance broker, made public the terms of their £33.7mn acquisition proposal for the firm this morning (22 January).
22 January 2007
Class of 2005 confirm IPO plans
Validus Holdings Ltd and Greenlight Capital Re Ltd became the third and fourth reinsurers formed after Hurricane Katrina to confirm plans for initial public offerings (IPO).
22 January 2007
RAA pursues regulatory reform
The Reinsurance Association of America (RAA) has called for comprehensive regulatory reform for reinsurance this year.
22 January 2007
AXIS chairman changes role in restructure
AXIS Insurance chairman Dennis Reding is to take up the position of chief operating officer at AXIS Capital as the Bermudian firm restructures.
22 January 2007
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