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Securitisations continue to flourish
Endurance is the latest as reinsurers trade risk with capital markets The growing popularity of reinsurance securitisations was demonstrated last month with news that Bermudian (re)insurer Endurance Specialty Insurance has acquired $235mn of...
11 August 2006
Bermuda cashes in on cat climate
Island's (re)insurers enjoy soaring property cat rates in benign quarter, some KRW deterioration ACE sets scene with strong second quarter Bermudian-headquartered ACE Ltd revealed a strong second quarter on 25 July with net income...
11 August 2006
Berkshire Hathaway cashes in on capacity crunch
Berkshire Hathaway more than doubled its reinsurance business in the first half of 2006 as it exploited the capacity crunch felt for US property catastrophe business.
11 August 2006
Converium updates on US sale
Swiss reinsurer Converium continues its recovery with another improved quarterly performance, reporting net income of $62.5mn on 8 August, compared with $46.9mn in the prior-year period.
11 August 2006
Ascot looks at expansion outside Lloyd's
Fast expanding Lloyd's (re)insurer Ascot Underwriting is considering setting up an overseas operation to ease the penetration of its products into new markets.
11 August 2006
Landmark Aon deal offers new approach for London market
The decision by Aon Ltd to outsource its entire back office Client Operations division could provide the framework for a new approach by London market brokers to processing their business.
11 August 2006
European (re)insurers' profits up
German reinsurer Munich Re announced half-year profits of EUR2.1bn, a leap of 143 percent from last year, driven by both strong underwriting and investment returns.
11 August 2006
Stone Point close to Alexander Forbes buy-out deal
Private equity firm Stone Point Capital LLC is close to completing the buy-out of Alexander Forbes' International Operations, The Insurance Insider can reveal.
11 August 2006
Hampden's buy-out of CBS referred to Competition Commission
The Competition Commission is holding an inquiry into Hampden Private Capital’s acquisition of the Names' advisory business of CBS Private Capital.
11 August 2006
Lloyd's launches Thunderbird Re
In a potentially pioneering transaction, Lloyd's syndicates will have access to a pool of securitised reinsurance capacity next year following the launch of Thunderbird Re, a Cayman Islands domiciled special purpose reinsurer.
11 August 2006
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