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Clements looks to launch $1bn (re)insurer Ironshore
Bob Clements, the man who has launched a host of (re)insurers throughout a long career in the insurance industry, is looking to raise up to $1bn for Ironshore Ltd, The Insurance Insider revealed last month.
11 October 2006
IXIS aims to float $1bn (re)insurance fund
The French investment bank IXIS is raising funds to float a new $1bn company on London’s Alternative Investment Market (AIM) to invest in the burgeoning insurance-linked securities sector.
11 October 2006
Wellington opening Bermuda operation "highly likely"
Wellington Underwriting plc is "highly likely" to join its Lloyd's rivals Amlin plc, Hiscox plc and Omega Underwriting Holdings plc by opening a Bermudian operation by the end of the year, according to Numis Securities’ analyst Nick Johnson.
11 October 2006
AIG picks up Arch marine unit
US giant American International Group (AIG) announced last week (2 October) that it had purchased Arch Insurance’s US Ocean Marine unit.
09 October 2006
Benign season could speed up softening, says Catlin
A benign conclusion to the 2006 hurricane season could speed up the softening market for non-catastrophe exposed property casualty (re)insurance worldwide.
09 October 2006
Ward outlines Lloyd’s challenges
Lloyd’s CEO Richard Ward has used his maiden speech to the industry to outline the challenges the Corporation faces.
09 October 2006
Greenberg wins right to see AIG documents
American International Group (AIG) is to turn over internal documents to Maurice “Hank” Greenberg after a judge ruled in favour of the US giant’s former chairman and CEO.
09 October 2006
Bailey replaces Vitale at Willis North America
Willis Group Holdings has revealed that Don Bailey will replace Mario Vitale as CEO of Willis North America.
09 October 2006
Beazley opens French office
After building its underwriting business in France for more than a decade, Lloyd’s insurer Beazley Group plc opened its first French office, in Paris, on 3 October.
09 October 2006
Reserve buffers could accelerate cycle, say analysts
A number of (re)insurers are growing significant reserve redundancies, potentially using them to support margins and returns as the market softens, according to research by analysts at Morgan Stanley.
09 October 2006
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