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  • Aspen Insurance Holdings – the Bermudian domiciled (re)insurer which lost three of its four underwriting heads this summer – revealed plans to leverage its balance sheet earlier this month with a $200mn hybrid offering and details of a share buy-back.
  • If 2006 was the year of the sidecar, there is every sign that these and other non-traditional reinsurance vehicles will continue to emerge next year.
  • The Corporation’s chief executive Richard Ward is understood to be close to ordering a restructuring of its senior management and reporting structures, according to sources.
  • There are still hurdles to be overcome – not least the threat of awkward policyholders. But the structure of the landmark $7bn deal should see off threats
  • US and EU Legal Developments
  • Munich Re, the world’s second largest reinsurer, raised full-year earnings forecasts and announced a EUR1bn share buy-back – its first ever, equivalent to 3.4 percent of its share capital – as it became the latest industry carrier to benefit from benign c
  • Fitch Ratings has decided to “set the record straight” following industry criticism that rating agencies are putting pressure on (re)insurers to diversify.
  • AXIS Capital Holdings Ltd confirmed earlier this month that John Charman, its founding president and chief executive, will sell down his holdings in the company for personal reasons.
  • Chaucer Insurance Holdings plc is in talks to launch a new Lloyd’s syndicate with the former QBE Limit underwriter, Mark Harrington.
  • Sean Dalton and Andrew Elliott, the former managing director and head of underwriting at one of Lloyd’s largest (re)insurers Liberty Syndicates, are planning to form a new syndicate, The Insurance Insider can reveal.