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Willis launches new marine reinsurance unit
Willis Re is set to unveil a new unit specialising in protection and indemnity (P&I) and marine mutual reinsurance, The Insurance Insider understands.
15 September 2008
Federal Reserve Bank to auction more Maiden Lane III assets
The Federal Reserve Bank of New York is to auction more of the assets contained in the Maiden Lane III portfolio it used to assist the bailout of AIG in 2008.
25 June 2012
XL enters US primary casualty; launches workers’ comp division
Bermudian (re)insurer XL Capital last week announced its entry into primary casualty for US corporations as part of its large account global P&C business.
26 April 2004
Ascot departures after AIG deal
American International Group (AIG) has been stung by the first wave of high profile departures at Ascot Underwriting, the Lloyd's managing agency it bought out last month.
04 August 2008
Arrowpoint setback in asbestos dispute
Former Royal & Sun Alliance (R&SA) US subsidiary, Royal Indemnity, has been ordered to pay defence costs in its increasingly acrimonious asbestos dispute with General Motors (GM).
11 May 2007
SCOR finally captures Converium prize
Following a difficult courtship, SCOR has finally agreed takeover terms with Converium after increasing its offer for its Swiss rival in a SFr3.4bn ($2.8bn) transaction that will create a top five global reinsurer.
11 May 2007
US Property premiums fall, says Aon report
Premiums for US commercial property insurance have fallen by an average of 10 percent in the past year, according to broker Aon's first US property report for 2004.
26 April 2004
$300mn credit for Validus
Bermudian start-up reinsurer Validus has announced it is entering into a $300mn syndicated credit agreement. The transaction consists of a $100mn Senior Unsecured 364-Day Revolving Credit Facility and a $200mn Senior Secured Three-Year Letter of...
20 March 2006
Heath Lambert considers future with Hawkpoint move
The independent UK broker Heath Lambert Group plc has appointed corporate financiers Hawkpoint Partners to advise on options which could involve a refinancing to pay down debt and raise capital or a complete sale, The Insurance Insider revealed last week.
13 August 2007
Lloyd’s shrinks in response to falling rates
Lloyd’s revealed last week that its 2005 global capacity is likely to shrink a higher than expected 9 percent to £13.7bn in response to falling rates.
20 December 2004
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