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Aspen defectors plan Lloyd's start-up
Fresh from Alba sale, Whittington plans new Lloyd’s syndicate The trio of senior Aspen Insurance Holdings Ltd executives who have resigned from the reinsurer in the past few months are planning a start-up reinsurer that is likely to have a Lloyd’s plat
11 October 2006
LEGAL BRIEFINGS
US and EU Legal Developments
11 October 2006
Syncro set to provide sidecar capacity
In addition to Thunderbird Re, Lloyd’s syndicates may have a new form of exclusive contingent capital available to them for next year in the form of a Bermuda domiciled special reinsurance vehicle, Syncro Ltd.
11 October 2006
Aon looks to poach leading Fac team
Aon Re Global appears to have pulled off a coup with the hiring of Elliot Richardson, currently head of facultative reinsurance at rival Benfield Group, to run its global Fac operation.
11 October 2006
Low sidecar appeal, but ART popular with London insurers, says PwC survey
Despite the growing popularity of sidecars, executives in the London market are not convinced about their merits, according to findings by PricewaterhouseCoopers (PwC) for its 2006 London Insurance Market survey.
11 October 2006
Hardy and Advent progress on Names buy-out
Quoted Lloyd’s insurers Hardy Underwriting Group plc and Advent Capital Holdings plc are taking the final steps towards achieving the buy-out of remaining Names’ capital.
11 October 2006
Lloyd's insurers profit on underwriting
But dollar fluctuations continue to deliver mixed results to bottom line figures
11 October 2006
Aviation capacity ‘highest in living memory’
With aviation renewals in full swing recent entrants to the market have pushed available capacity up to unprecedented levels, according to Steve Doyle, the manager of Aon’s Aviation and Aerospace Global Practice Group.
11 October 2006
Swiss Re withdraws $500mn of retro capacity
Up to $500mn of retrocessional capacity will be withdrawn from the market following the completion of Swiss Re’s acquisition of GE Insurance Solutions earlier this year.
11 October 2006
Calyon advises on $63mn cat bond
Paris-based investment bank Calyon has completed a $63mn securitisation, Pinnacle, once again demonstrating the industry’s growing enthusiasm to sell-on risk to the capital markets.
11 October 2006
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