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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
Frankland takes over Guy Carp’s UK operations
Nick Frankland, has been appointed as CEO of reinsurance broker Guy Carpenter’s UK operations following David Priebe’s return to the US as head of Global Specialty Group.
22 January 2007
Reinsurers refuse to acknowledge North Korean claims
A group of reinsurers which have been joined to Allianz over legal proceedings regarding a controversial North Korean claim have refused to acknowledge the lawsuit.
22 January 2007
Florida set to expand state reinsurance cover
After a weekend of heavy legislating, Florida’s lawmakers have hammered out a bill to provide rate reductions on homeowners’ insurance costs which is likely to have a significant impact on the US property & casualty industry.
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
CMGL to provide claims management for Syndicate 4242
Run-off services provider CMGL announced on 19 January that it has been appointed to provide claims management services for ICM Syndicate 4242.
22 January 2007
‘Independent Three’ back in court
The preparatory hearing of the ‘Independent Three’ former directors of the collapsed UK insurer Independent Insurance took place at Southwark Crown Court this morning (22 January).
22 January 2007
Insurance specialist joins BLG
Law firm Barlow Lyde & Gilbert (BLG) announced today that insurance dispute specialist Maurice Kenton will join the firm as a partner.
22 January 2007
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